1189 Dana Dr - Apartments FOR SALE


Fairfield, CA 94533
$4,850,000 USD
415-625-2117
1189 Dana Dr, Fairfield, CA for Sale
$4,850,000 USD
Apartments - FOR SALE
1/10
null | 6.33% Cap Rate

1189 Dana Dr
Fairfield, CA 94533


HIGHLIGHTS

  • Located one-block from major regional shopping center, The Solano Town Center with major retailers including: Dick’s Sporting Goods and Best Buy.
  • Gas stoves, garbage disposals, refinished countertops, ceiling fans, luxury vinyl plank floors in kitchens and bathrooms, wall-mount air conditioners.
  • Pitched composite roof, with low maintenance stucco siding, attractive landscaping, sparkling pool, on-site laundry, and detached maintenance bldg.
  • Separately metered for gas and electric.
  • In place RUBS program.

OVERVIEW

Part of larger ten property portfolio sale that is subject to Court Approval. Non Disclosure Agreement Required prior to review of Offering Memorandum and financial information. Properties offered individually or as part of portfolio. This offering at 1189 Dana Drive, in Fairfield, CA consists of a thirty-four-unit apartment complex, in an ideal location located one block from the Solano Town Center providing easy access to shopping, dining, and entertainment. The property allows tenants the additional benefit of easy access to Hwy 80, located just two-blocks away providing a convenient location to nearby jobs and employment. Constructed circa 1971 (per property records) the two-story buildings are of wood frame with stucco siding, with pitched composite roofs, and are built on a spacious 0.63-acre parcel, with ample parking. The property features attractive landscaping to the front, with parking on both sides of the buildings, with a central pool area. The complex unit mix consists of (18) 1Br/1-Bath and (16) Br/1-Bath apartments, each with a sliding door to either a balcony or patio. Unit interiors feature carpeted dining room and bedrooms, luxury vinyl plank kitchen and bathroom flooring, resurfaced countertops, gas stoves, garbage disposals, kitchen ceiling fans, wall-mount air conditioners, and gas-wall heaters. The property is individually metered for gas and electricity, with on-site laundry and a large detached maintenance building, that also houses the pool pump and pool equipment.

FOR SALE DETAILS

PRICE

$4,850,000 USD

PRICE/SF

$228 USD /SF

# OF UNITS

34

PRICE/UNIT

$142,647

CAP RATE

6.33%

% LEASED

85%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Tradewind Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1971

PARKING SPACES

50

LAND DETAILS

LAND ACRES

0.63 AC

LAND SF

27,443 SF

ZONING

-

APN/PARCEL ID

0033-042-300

ASK ABOUT THIS PROPERTY

Jon HolmquistJon HolmquistMore Info
415-625-2117

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Jon HolmquistJon HolmquistMore Info
415-625-2117

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