205-207 Alaska Ave Fairfield, CA 94533
- Apartment buildings
- 5,696 SF
Current Use by Public Records
- Apartment buildings
Property Details for 205-207 Alaska Ave
- Year built
- 1965
- Property size
- 5,696 SF
- Property type
- Apartment buildings
Description
This exceptional investment opportunity presents an eight-unit apartment building located at 205-207 Alaska Ave, Fairfield, CA 94533. Priced at $1,700,000, this property boasts a strong 5.24% cap rate and a pro-forma cap rate of 5.85%, generating a net operating income (NOI) of $90,077. The building comprises two structures, each housing four two-bedroom, one-bathroom units, totaling 5,696 square feet. Each unit features approximately 712 rentable square feet, with tile bathrooms and kitchens, tiled entryways, newer carpet and paint, and individual hot water heaters. Gas and electricity are separately metered for each unit. The exterior showcases stucco and pitched composite roofs. This property benefits from its convenient location near shopping, restaurants, and major transportation arteries, including Highway I-80 and I-680. The price per unit is $212,500, making this a compelling investment in a desirable Solano County location. The property's strong financials and desirable features make it an attractive opportunity for investors seeking a stable and profitable multifamily asset. All figures provided are actual numbers.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Fairfield
- County
- Solano
- State
- California
- Longitude
- -122.036
- Latitude
- 38.2723
