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1975 Grande Circle in Fairfield presents a great opportunity for an investor to have immediate cash flow with significant rental upside. The property offers 7 units with an excellent unit mix consisting of three 2bd/1.5bth townhome units and four 2bd/1bth units. Built in 1973, the property offers 5,994 square feet of rentable space and sits on a 12,670 square foot lot. Many tenants are far below market in rent, offering the next investor the opportunity to raise rents and achieve significantly greater cash flow.
All known maintenance issues have been addressed providing relatively turnkey property for the next investor. The property has a history of little or no vacancies and is currently fully-occupied with the exception of one 2bd/1.5bth townhome unit. Overall, maintenance is low and the property is separately metered for PG&E providing for low annual expenses. The exterior offers lush landscaping, onsite parking for 7 cars, and coin-operated laundry (currently not in operation).
Fairfield is located in Solano County in the North Bay sub-region of the San Francisco Bay Area. It is generally considered the midpoint between the cities of San Francisco and Sacramento, approximately 40 miles from both cities and less than 19 miles from Napa Valley. Due to this attractive mid-point location, Fairfield is a popular with people who need to commute to work to either San Francisco or Sacramento. Fairfield is the home of Travis Air Force Base and has a slightly smaller in population than Vallejo. Fairfield has a diversified economy, with government, manufacturing, health care, retail, professional and commercial construction sectors. Buyer to verify all income, expenses, total square feet and allowable uses of the property.
