500 Jackson St - Apartments FOR SALE


Fairfield, CA 94533
$750,000 USD
415-625-2117
500 Jackson St, Fairfield, CA for Sale
$750,000 USD
Apartments - FOR SALE
1/10
null | 4.53% Cap Rate

500 Jackson St
Fairfield, CA 94533


HIGHLIGHTS

  • Located two blocks south of Texas Street with a mix of commercial tenants, and two blocks from the Solano County Courthouse / County Services offices.
  • Low maintenance unit design with gas stoves, luxury vinyl plank floors in kitchens and bathrooms, gas-wall heaters, and wall-mount ac units.
  • Pitched composite roofs, simple easy to maintain landscaping, on-site laundry, and tuck-under parking to each side.
  • Separately metered for gas and electricity.

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 for sale individually or as part of larger portfolio. The Jackson Towne Apartments, consists of a six-unit apartment complex located in an area with a of a mix of single-family homes, office, and multifamily complexes. The property is located two blocks south of Texas Street with a mix of commercial tenants, and two-blocks from the Solano County Courthouse / County Services buildings. Constructed circa 1961 on a 0.17-acre parcel (per property records) the two-story building is of wood frame with concrete block construction on the bottom floor, with a pitched composite roof, tuck-under parking on both ends of the property, and a concrete slab foundation. The property features attractive but minimal landscaping, with tuck-under parking to each end of the parcel (one covered and a second tandem spot for each tenant). The unit mix consists of (6) 2bed/1bath apartments with 750 square foot floorplans. Unit interiors feature carpeted dining room and bedrooms, luxury vinyl plank kitchen and bathroom flooring, gas stoves, wall-mount air conditioners, and gas wall heaters. Each bottom floor unit has a spacious rear patio. The property is individually metered for gas and electricity, with an on-site laundry room.

FOR SALE DETAILS

PRICE

$750,000 USD

PRICE/SF

$167 USD /SF

# OF UNITS

6

PRICE/UNIT

$125,000

CAP RATE

4.53%

% LEASED

93%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Jackson Towne Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1961

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

RM, Fairfield

APN/PARCEL ID

0030-244-130

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.