JUST SOLD!
1748 Fillmore Street, Fairfield CA - $719,000.00
3,344 SQ/FT - 8 BR, 4 BATH
This Client’s multi-family investment property was located in a central area of Fairfield within easy reach of most amenities. The Client had created a strong rent roll and ensured that this property would be attractive to any future owner. Our Client now wanted to acquire a larger multi-family investment property with more units, which would involve selling this property.
We had high quality photography completed, and then conducted a highly competitive marketing process. We rapidly secured multiple offers. Our Client selected an attractive offer, above the listing price, with a commitment to achieving a rapid close of escrow. The escrow concluded ahead of the originally anticipated schedule.
GREAT Investment Opportunity: 1748 Fillmore Street in Fairfield presents a great opportunity for an investor to have immediate cash flow with significant rental upside. The property offers 4 units with 2bd/1bth each.
Built in 1963, the property offers 3,334 square feet of rentable space and sits on a 6300 square foot lot. Offers the next investor increased cashflow opportunities or use the current property managers and to be 100% hands free. The property has a history of little or no vacancies and has waiting lists. Overall, maintenance is low and the property is separately metered for PG&E providing for low annual expenses. Covered parking per unit.
The property is 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 known for a fun place to live who are wanting to be near world class wines, home grown farm products and beautiful agricultural landscape when visiting its famous Suisun valley wine region.
Not only is it popular for its wine region, but it is also home of Travis Air Force Base. Fairfield is also starting be known for its entrepreneurial flair and has a diversified economy, with government, manufacturing, health care, retail, professional and commercial construction sectors and not to mention the wine industry. Buyer to verify all income, expenses, total square feet and allowable uses of the property.