812 Delaware St - Apartments FOR SALE


Fairfield, CA 94533
$1,279,000 USD
707-363-2463
812 Delaware St, Fairfield, CA for Sale
$1,279,000 USD
Apartments - FOR SALE
1/15
null | 7.15% Cap Rate

812 Delaware St
Fairfield, CA 94533


HIGHLIGHTS

  • Excellent unit mix featuring five (5) large 2bd/1ba units and one (1) 1bd/1ba unit
  • Three of the six units have been fully remodeled, including new cabinets and flooring
  • The roof was replaced approximately 6–7 years ago, and all windows have been updated
  • Parking includes 3 covered tandem spaces (6 cars total) and 4 uncovered rear parking spots
  • No city-level rent control ordinance is currently in place, allowing owners greater rental flexibility
  • Close to Solano Town Center, Rockville Regional Park, and major employers, including Travis AFB

OVERVIEW

The Mitchell Warren Team is pleased to present 812 Delaware Street. Built in 1968, this well-maintained 6-unit apartment building offers an excellent in-place income and stability. The property features five spacious 2bd/1ba units and one 1bd/1ba unit, with three units already fully remodeled. It’s individually metered for both electricity and gas, minimizing owner expenses. The roof was replaced approximately 6–7 years ago, and all windows have been updated. The site includes ample parking—three covered tandem spaces (six total) in front and four dedicated spots in back. With no city-level rent control ordinance in place, owners benefit from greater rental flexibility than in neighboring Bay Area markets. This is a rare opportunity to acquire a property with strong day-one cash flow in one of the Bay Area’s most desired markets.

FOR SALE DETAILS

PRICE

$1,279,000 USD

PRICE/SF

$276 USD /SF

# OF UNITS

6

PRICE/UNIT

$213,167

CAP RATE

7.15%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Excellent Day 1 Cash Flow

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Manufactured Housing/Mobile Housing, Dormitory

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1968

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,291 SF

ZONING

-

APN/PARCEL ID

0030-244-080

ASK ABOUT THIS PROPERTY

Timothy WarrenNAI Northern CaliforniaMore Info
707-363-2463

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Timothy WarrenNAI Northern CaliforniaMore Info
707-363-2463

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.