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32279668
32294399

3 Locations

AiCRE Partners
Listed by AiCRE Partners
Unpriced
30 days on market
Updated 2 days ago
Opportunity zone

1712, 1713, 1718 Fillmore St Portfolio

Details
Property Type Multifamily
Sub Type Single Family Rental Portfolio
Square Footage 3,344
Units 4
Cap Rate 6.35%
NOI $61,903
Occupancy 100%
Buildings 3
Sale Condition 1031 exchange

Multifamily Portfolio | Three 4-Unit Properties

Marketing description

AiCRE Partners is pleased to present a prime investment opportunity portfolio of three well-maintained fourplexes located at 1712, 1713, and 1718 Fillmore Street in Fairfield, California. This collection offers a rare opportunity to acquire 12 total units within a stable, high-demand rental market. Each property consists of four spacious 2-bedroom, 1-bathroom units, specifically designed to attract long-term tenants and maintain low vacancy rates. The portfolio has undergone significant capital improvements, ensuring reduced immediate maintenance costs and enhanced "turn-key" appeal for a new owner. Extensive interior renovations have been performed across the portfolio, including the installation of newer stoves and A/C units to modernize the living spaces. The buildings feature fresh exterior paint and newer windows, contributing to a clean, updated aesthetic that stands out in the neighborhood. Each property also includes on-site laundry facilities, providing tenants with added convenience while generating supplemental income for ownership. Fairfield does not currently have local rent control ordinances. While the properties remain subject to California State Rent Control (AB 1482), the lack of more restrictive local caps allows for greater flexibility in management and market-rate adjustments. Situated in a high-density residential zone (RH) near NorthBay Medical Center and Travis Air Force Base, these units cater to a consistent workforce and commuter demographic.

Please refer to the offering memorandum for pricing.

Investment highlights

  • Modernized Electrical Systems: Every property has been upgraded with new electrical panels as of 2024, significantly reducing the risk of utility-related maintenance issues and ensuring the buildings meet modern safety standards.
  • Recent Interior Capital Upgrades: Each building has undergone interior renovations that include the installation of newer stoves and A/C units, providing immediate value to tenants and minimizing short-term appliance replacement costs for the owner.
  • Enhanced Building Envelope & Curb Appeal: All three properties benefit from exterior paint and newer windows, which not only improves energy efficiency and tenant comfort but also provides a uniform, well-maintained aesthetic that supports higher rental valuations. Properties can be sold all together or individually Buyers to Coop with sellers 1031 exchange.

Listing Contacts

AiCRE Partners
Listed by AiCRE Partners

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$61,903.21
$5,158.60/mo

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