Comm Ri Multi-units 5+ For Sale
0.87 Acre - 2323 Fairfield Ave, FAIRFIELD, California 94533
Property Description
Rare opportunity to own a beautifully renovated complex in an excellent location. Fantastic unit mix, amenities, and quality of finishes. Townhouse style units as well as cottages and some flats. Many huge patios and balconies. Beautiful grounds, gorgeous pool, low maintenance stucco siding, pitched composition roofs, metal carports and steel & concrete stairs. Solar powered, automatic gates. Please contact listing broker for full brochure. Showing schedule is as follows: Thursday, 3/22 – 10AM sharp Wednesday, 3/28 – Noon sharp Friday, 4/6 – 10AM sharp Offers, if any, due by MONDAY 4/9/2018 BY NOON. PLEASE USE NORTH AMERICAN TITLE ESCROW #1553378, Evelyn Bowens-Chambers. Significant upside in rents.
Basic Details
Property Type : Comm Ri Multi-units 5+
Listing Type : For Sale
Listing ID : 40814262
Price : $11,250,000
Bedrooms : 0
Bathrooms : 0
Half Bathrooms : 0
Square Footage : 0.87 Acre
Year Built : 1974
Lot Area : 2.35 Sqft
Features
Heating System : Gas, Forced Air 1 Zone, Wall Furnace
Cooling System : Ceiling Fan(s), Window/wall Unit(s)
Roof : Composition Shingles
Address Map
Country : US
State : CA
County : Solano
City : FAIRFIELD
Zipcode : 94533
Street : Fairfield Ave
Street Number : 2323
Floor Number : 0
Longitude : W123° 57' 14.3''
Latitude : N38° 16' 18.1''
MLS Addon
Office Name : Income Property Services
Building Type : Apt Complex
Area : Solano County
Address : 2323 Fairfield Ave
Cross Street : Alaska Avenue
Directions to Property : ABP to Alaska to Fairfield Ave
LA1User Code : 159505870
LA1Agent First Name : Shawn
LA1Agent Last Name : Willis
Status Category : Sold
Tot # Parking Spaces : 53
Tot # of Units : 50
Zoning : MF
List $/SqFt : $297
Age : 44
Apx Lot Sq Ft : 102,366 Sqft
Type of Building : Apt Complex
Annual Taxes : $129,398
Total Deposits : $0
ADDTL FEATURES MISC. : Balcony/patio, Wired For Cable Tv, Garden, Lawn Sprinkler, In Ground Pool
ALL UNITS HAVE : Dishwasher, Oven Range Free Standing, Refrigerator, Disposal, Updated Baths, Updated Kitchen
EQUIPMENT ADDITIONAL : Window Coverings, Mirrored Closet Door(s), Water Heater Electric
EXTERIOR : Stucco
FLOORING : Carpet, Laminate
LOT DESCRIPTION : Regular
ON-SITE PARKING DESC : Parking Area, Carports - 2 Or More, Spaces - Assigned
OPERATING EXPENSES : Electric, Gas, Insurance, Maintenance/repair, Management, Accounting/legal, License/ads, Property Tax/assessments, Trash Removal, Utilities, Vacancy Factor, Water, Miscellaneous/other, Swimming Pool
SEPARATE METERS : Electric, Gas
SOME UNITS HAVE : Patio, Deck
TENANT PAYS : Cable Tv, Electric, Gas
WATER/SEWER : Water - Public, Sewer System - Public
LAUNDRY : Community Facility, Dryer, Washer, Coin Operated, Common Room, Laundry Equip - Leased
Census Tract : 06095
Bus Sq Ft of Bldg : 0 Sqft
Other Loans (Y/N) : No
1st Loan Balance : $42,500
2nd Loan Balance : $1,005,552
Tot Other Loans : $0
Financial Data Verif(Y/N) : 5.02
FINANCIAL DATA SOURCE : Owner, Estimated, Projected
Ann Act Gross Inc : $0
Gross Oper Actual Inc : $0
Listing Type : Excl Right
Listing Service : Full Service
Special Information : None
Original Price : $11,250,000
Sold Price : $11,000,000
Previous Price : $11,250,000
Sale $/SqFt : $0
Gross Oper Actual Inc : 904997
Annual Gross Sched Inc : 1005550
Net Oper Income : 565109
Annual Mgmt Exp : 36200
Annual License Exp : 2500
Annual Util Exp : 67966
Other Ann Exp : 51624
Tot Ann Oper Exp : 339888
First Loan Payment : 429889
First Balance : 6750000
Annual Insurance Exp : 9700
INTERNET DISPLAY : 0
INTERNET SITES : 0
SA1Agent Type : 0
Buyer Broker DRE Number : 00832933
Gross Rent Multiplier : 11.19
Variable or Fixed Rate : F
Buyer Agent DRE Num. : 01929245
Co List Agent DRE Num. : 01095619
List Agent DRE Num. : 01095619
LA1Agent License ID : 01095619
LA1NRDS_ID : 159505870
SA1Agent First Name : Steve
SA1Agent Last Name : Zirelli
SA1Agent License ID : 01929245
SA1User Code : ML308407
Annual Vacancy : 100555
Gross Income : 1005550
Listing Broker DRE Numbe : 01095619
Sale/Original $ : 98
Annual Exp Yr : 2018
Sale $/SqFt : 291
1st - Yrs Remaining : 0
Sale/Last List $ : 98
Interest Rate : 5
Board ID : CONTRA COSTA
Assessors Parcel No : 0034-011-230/250
Showing : Contact Listing Broker
SO1Office Abbreviation : ML37692
SO1Office Name : Cornish & Carey Commercial
LO1Main Office ID : 790
LO1Board ID : 0
LO2Office Identifier : 0
LO2Main Office ID : 0
SO1Office Identifier : 77144
SO1Board ID : 0
SO2Office Identifier : 0
SO2Office Type : 0
VOW Include : Yes
VOW Address : No
VOW Comment : Yes
VOW AVM : Yes
Status Detail : 0
Search Price : 11000000
Address Search Number : 2323
Listing Agent : 57014
Listing Office : 790
Co-List Agent : 0
Listing Office 2 : 0
Apprx Equity : 0
Buyer Agent 1 : 286792
Buying Office 1 : 77144
Co-Sell Agent : 0
Buying Office 2 : 0
Photo Count : 25
Input Date : 17/03/2018 22:56:00
Update Date : 10/03/2021 13:36:04
PhotoTimestamp : 17/03/2018 23:10:00
First Photo Add Timestamp : 17/03/2018 23:00:31
List Date : 17/03/2018
Expire Date :
Pending Date : 01/05/2018
Closing Date : 13/07/2018
Status Date : 13/07/2018
Price Date : 13/07/2018
Off Market Date : 01/05/2018
Status : Sold
Dual Variable : Yes
HOA : No
New Subdivision : No
Point of Sale Ordinance : No
Ocpnt Req 24 Hr : Yes
Off Market Status Date :
LVT Date : 17/03/2018
DOMLS : 45
Cumulative DOMLS : 45
Unit # 1 # of Bathrooms: 1
Unit # 1 # of Bedrooms: 1
Unit # 1 Air Cond.: Yes
Unit # 1 Approx. SqFt: 620
Unit # 1 Dining Room: Yes
Unit # 1 Fireplace: No
Unit # 1 Parking Spaces: 1
Unit # 1 Range Oven: Yes
Unit # 1 Refrigerator: Yes
Unit # 1 Rent: 1417
Unit 1 # Units This Type?: 29
Unit # 2 # of Bathrooms: 1.5
Unit # 2 # of Bedrooms: 2
Unit # 2 Air Cond.: Yes
Unit # 2 Approx. SqFt: 942
Unit # 2 Dining Room: Yes
Unit # 2 Fireplace: No
Unit # 2 Parking Spaces: 1
Unit # 2 Range Oven: Yes
Unit # 2 Refrigerator: Yes
Unit # 2 Rent: 1766
Unit 2 # Units This Type?: 20
Unit # 3 # of Bathrooms: 1
Unit # 3 Air Cond.: Yes
Unit # 3 Approx. SqFt: 1038
Unit # 3 Dining Room: Yes
Unit # 3 Fireplace: No
Unit # 3 Parking Spaces: 1
Unit # 3 Range Oven: Yes
Unit # 3 Refrigerator: Yes
Unit # 3 Rent: 1640
Unit 3 # Units This Type?: 1
