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Listed by Steven Level • Berkshire Hathaway
$ 2,095,000
Est. payment /mo
Price Dropped by $100K
1124 Union AVE Fairfield, CA 94533
6,912 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type 5 or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 6,912 sqft
Price per Sqft $303
MLS Listing ID 326022185
HOA Y/N No
Year Built 1962
Lot Size 10,702 Sqft
Property Sub-Type 5 or More Units
Property Description
Rarely available 12-unit apartment complex with many recent upgrades located in desirable central Fairfield, CA. Highlighted by a coveted unit mix of all 2-bedroom, 1-bath units, this two-story property features dual-paned windows, individual water heaters, and individual electric meters. Comprised of two six-unit buildings situated on a street-to-street I-shaped lot, this excellent investment property has separate access from Union Ave or Washington St. Most of the efficient 2-bedroom units have been remodeled by the current ownership. Some of the recent property improvements include upgraded electrical panels, new sewer laterals, upgraded courtyard areas, and newer exterior paint. With extremely limited inventory for multi-family investment property in Fairfield over the last few years, the subject property provides an exceptional opportunity to acquire an upgraded asset in a coveted rental location. Located in central Fairfield, this apartment complex is close to Heritage Park Shopping Center, Solano Town Center, schools, restaurants and shopping. The property also provides easy access to both Interstate 80 and Hwy 12. Situated on the I-80 corridor between two of the strongest rental markets in the country, Fairfield is in an excellent position to continue benefiting from the unprecedented rent growth in Northern California. This property is located in one of the most affordable and fastest growing markets within the Bay Area.
Location
State CA
County Solano
Area Fairfield 7
Interior
Heating Wall Furnace
Cooling Wall Unit(s)
Exterior
Parking Features Off Street, Uncovered
Garage Spaces 12.0
Roof Type Flat
Building
Foundation Concrete Perimeter, Slab
Sewer Public Sewer
Water Public
Others
Special Listing Condition Offer As Is
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