1925 Grande Cir - Apartments FOR SALE


Fairfield, CA 94533
$3,225,000 USD
916-724-1359
1925 Grande Cir, Fairfield, CA for Sale
$3,225,000 USD
Apartments - FOR SALE
1/16
null | 5.84% Cap Rate

1925 Grande Cir
Fairfield, CA 94533


HIGHLIGHTS

  • Value Add Opportunity with Income Upside
  • 100% 2-Bedroom Units
  • Recent Exterior Upgrades - Landscape, Paint, and Parking Lot

OVERVIEW

The DeLoney Group of Marcus & Millichap has been retained as exclusive agent to offer fee simple interest in Iris Court Apartments to the marketplace. The charming 16-unit apartment community is located in the heart of Fairfield, California. The 1979 built property features 100% two-bedroom units. The two buildings straddle the driveway with dedicated resident parking in the rear and flanked by established trees and shrubs. Situated midway between San Francisco and Sacramento, Fairfield greatly benefits from being a part of both major metro’s collective economies. The town’s most well-known landmarks are coincidentally the largest employment drivers in the northeast bay area. Jelly Belly Candy Factory, Anheuser-Busch Brewery, and the Travis Air Force Base are all located in town and provide a huge portion of well-paying jobs for residents. Fairfield offers a host of suburban delights with diverse restaurants and shops located in various shopping centers throughout the city. Locals flock to the Solano Town Center for a wide range of shopping opportunities and entertainment options. Fairfield is conveniently located at the intersection of two major freeways in interstate 80 and interstate 680, providing residents with quick access to Sacramento and the rest of the Bay Area. Iris Court Apartments is a unique opportunity to purchase a value-add opportunity with income upside. Please do not disturb the management. All tours must be scheduled through the listing agent. Please contact David DeLoney for more information.

FOR SALE DETAILS

PRICE

$3,225,000 USD

PRICE/SF

$220 USD /SF

# OF UNITS

16

PRICE/UNIT

$201,563

CAP RATE

5.84%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Iris Court Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1979

PARKING SPACES

22

LAND DETAILS

LAND ACRES

0.68 AC

LAND SF

29,621 SF

ZONING

RH, Fairfield

APN/PARCEL ID

0037-272-130

ASK ABOUT THIS PROPERTY

Dusty HaelingMarcus & MillichapMore Info
916-724-1359

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Dusty HaelingMarcus & MillichapMore Info
916-724-1359

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