905 Broadway St - Apartments FOR SALE


Fairfield, CA 94533
$685,000 USD
415-625-2117
905 Broadway St, Fairfield, CA for Sale
$685,000 USD
Apartments - FOR SALE
1/7
null | 4.64% Cap Rate

905 Broadway St
Fairfield, CA 94533


HIGHLIGHTS

  • Located three blocks from the Solano County courthouse, and County Services buildings and is situated two blocks north of Hwy 12.
  • Efficient, low-maintenance unit design with gas stoves, luxury vinyl plank floors in kitchens and bathrooms, gas-wall heaters, and wall-mount ac units
  • Attractive mature landscaping, and concrete slab foundation for parking.
  • Separately metered for gas and electricity with individual hot water heaters.

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. The subject property at 905 Broadway Street consists of an eight-unit apartment complex, located in an area with a mix of single-family homes, and multifamily complexes. The property is located three blocks from the Solano County courthouse, and County Services buildings and is situated two blocks north of Hwy 12 with direct access to on and off-ramps thus providing convenient access to employment. Constructed circa 1959 on a 0.22-acre parcel (per property records) the two-story building is of wood frame with stucco, on a concrete slab foundation, with a flat roof, and dedicated open parking to the rear of the property also on concrete-slab. The unit mix consists of (8) 1bed/1bath apartments with 450 square foot floorplans. Unit interiors feature carpeted dining room and bedrooms, luxury vinyl plank kitchen and bathroom flooring, gas stoves, wall-mount air conditioners, ceiling fans, security gates on doors, and gas-wall heaters. The property is individually metered for gas and electricity.

FOR SALE DETAILS

PRICE

$685,000 USD

PRICE/SF

$171 USD /SF

# OF UNITS

8

PRICE/UNIT

$85,625

CAP RATE

4.64%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Broadway Street Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1964

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,583 SF

ZONING

RM, Fairfield

APN/PARCEL ID

0030-282-190

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.