1949 Bristol Ln - Apartments FOR SALE


Fairfield, CA 94533
$1,075,000 USD
510-660-4977
1949 Bristol Ln, Fairfield, CA for Sale
$1,075,000 USD
Apartments - FOR SALE
1/40
null | 6.91% Cap Rate

1949 Bristol Ln
Fairfield, CA 94533


HIGHLIGHTS

  • Four Spacious 2bd/1bth Units of Roughly 760 SF
  • Two Units Delivered Vacant - Perfect for Owner Occupants or New Tenants Paying Market Rent in a Non-Rent Controlled Jurisdiction
  • Various Upgrades Including Updated Kitchens, Bathrooms, and New Flooring Throughout
  • Separately Metered for PG&E, with Ample Off-Street Parking and W/D Hookups in Each Unit
  • Separately Metered for PG&E, with Ample Off-Street Parking and W/D Hookups in Each Unit
  • Prime Fairfield Location - Easy Access to Freeways and Close to Popular Restaurants, Cafes, Downtown, Schools and Shopping Options

OVERVIEW

The Pinza Group is pleased to present 1949 Bristol Lane, a well-maintained fourplex situated in Fairfield, CA. The property was built in 1964 and features four spacious 2bd/1bth units of approximately 760 SF. The building is located in a non-rent-controlled jurisdiction of Solano County. Each unit is separately metered for PG&E, including updated kitchens, bathrooms, and ample off-street parking. The property contains a separate utility room with W/D hookups, providing the opportunity to add coin-operated laundry for additional income. Current rents are roughly 15% below market rate, providing huge potential for rental upside through tenant turnover and capital improvements. **Contact Brandon@PinzaGroup for a private showing and more information.**

FOR SALE DETAILS

PRICE

$1,075,000 USD

PRICE/SF

$354 USD /SF

# OF UNITS

4

PRICE/UNIT

$268,750

CAP RATE

6.91%

% LEASED

50%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

1949 Bristol Ln

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1964

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,500 SF

ZONING

Multi Family Income

APN/PARCEL ID

0033-013-040

ASK ABOUT THIS PROPERTY

Brandon GhilarducciPinza GroupMore Info
510-660-4977

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Brandon GhilarducciPinza GroupMore Info
510-660-4977

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