REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 1,600,000
Est. payment | /mo
2,808 SqFt
$ 1,600,000
Est. payment | /mo
2,808 SqFt
Key Details
Property Type Multi-Family
Sub Type 5 or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 2,808 sqft
Price per Sqft $569
MLS Listing ID 325083302
HOA Y/N No
Year Built 1965
Lot Size 0.427 Acres
Acres 0.4271
Property Sub-Type 5 or More Units
Source BAREIS MLS
Property Description
8-unit apartment property located at 205 Alaska Avenue in Fairfield, CA. Originally constructed in 1965, the property consists of eight (8) spacious two-bedroom, one-bath units, each averaging approximately 712 square feet. Every unit offers private outdoor space with its own patio, and the community provides an on-site laundry facility for tenant convenience. The interiors have been thoughtfully upgraded, featuring renovated kitchens, bathrooms, flooring, and fresh paint. Recent capital improvements include replacement of the electrical subpanels and roof systems completed within the past 3-4 years, providing peace of mind and reducing near-term maintenance expenses. The property benefits from strong in-place rents, with the potential to further enhance revenue through continued rent growth and management efficiencies. With its solid income stream, low expense ratio, and favorable unit mix, the property offers investors an attractive in-place capitalization rate of 6.16% and the opportunity for long-term value appreciation.
Location
State CA
County Solano
Area Fairfield 5
Direction Gps
Interior
Heating Other
Cooling Other
Laundry Washer/Dryer Leased
Exterior
Parking Features Other
Water Access Desc Other
Total Parking Spaces 8
Building
Lot Description Other
Story 1
Sewer Other
Water Other
Others
Senior Community No
Tax ID 0034-110-040
Special Listing Condition None
Listed by Gravitas Commercial Real Estate
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "