Fairfield Park Apartments 1124 Union Ave 12 Unit Apartment Building $2,195,000 ($182,917/Unit) 6.06% Cap Rate Fairfield, CA 94533

Rarely available 12-unit apartment complex with many recent upgrades located in desirable central Fairfield, CA. Highlighted by a coveted unit mix of all 2-bedroom, 1-bath units, this two-story property features dual-paned windows, individual water heaters, and individual electric meters. Comprised of two six-unit buildings situated on a street-to-street I-shaped lot, this excellent investment property has separate access from Union Ave or Washington St.
Most of the efficient 2-bedroom units have been remodeled by the current ownership. Some of the recent property improvements include upgraded electrical panels, new sewer laterals, upgraded courtyard areas, and newer exterior paint. With extremely limited inventory for multi-family investment property in Fairfield over the last few years, the subject property provides an exceptional opportunity to acquire an upgraded asset in a coveted rental location.
Located in central Fairfield, this apartment complex is close to Heritage Park Shopping Center, Solano Town Center, schools, restaurants and shopping. The property also provides easy access to both Interstate 80 and Hwy 12. Situated on the I-80 corridor between two of the strongest rental markets in the country, Fairfield is in an excellent position to continue benefiting from the unprecedented rent growth in Northern California. This property is located in one of the most affordable and fastest growing markets within the Bay Area.