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Multifamily

Iris Court Apartments

1925 Grande Cir, Fairfield, CA 94533

Listing Price: $3,440,000

Cap Rate
5.04%
Number of Units
16
GRM
10.54
Occupancy
97.0%
Price/Unit
$215,000
Price/Gross SF
$300.28
Gross SF
11,456

Investment Overview

The DeLoney Group of Marcus & Millichap has been retained as exclusive agent to offer fee simple interest in Iris Court Apartments to the marketplace. The charming 16-unit apartment community is located in the heart of Fairfield, California. The 1979 built property features 100% two-bedroom units.
The two buildings straddle the driveway with dedicated resident parking in the rear and flanked by established trees and shrubs. Situated midway between San Francisco and Sacramento, Fairfield greatly benefits from being a part of both major metro’s collective economies. The town’s most well-known landmarks are coincidentally the largest employment drivers in the northeast bay area. Jelly Belly Candy Factory, Anheuser-Busch Brewery, and the Travis Air Force Base are all located in town and provide a huge portion of well-paying jobs for residents.
Fairfield offers a host of suburban delights with diverse restaurants and shops located in various shopping centers throughout the city. Locals flock to the Solano Town Center for a wide range of shopping opportunities and entertainment options. Fairfield is conveniently located at the intersection of two major freeways in interstate 80 and interstate 680, providing residents with quick access to Sacramento and the rest of the Bay Area.
Iris Court Apartments is a unique opportunity to purchase a value-add opportunity with income upside. Please do not disturb the management. All tours must be scheduled through the listing agent.

Investment Highlights

  • Value Add Opportunity with Income Upside
  • 100% 2-Bedroom Units
  • Located Between Sacramento and San Francisco Metros

Exclusively Listed By

Multifamily

Iris Court Apartments

Listing Price: $3,440,000

Cap Rate
5.04%
Number of Units
16
GRM
10.54
Occupancy
97.0%
Price/Unit
$215,000
Price/Gross SF
$300.28
Gross SF
11,456

Investment Highlights

  • Value Add Opportunity with Income Upside
  • 100% 2-Bedroom Units
  • Located Between Sacramento and San Francisco Metros

Investment Overview

The DeLoney Group of Marcus & Millichap has been retained as exclusive agent to offer fee simple interest in Iris Court Apartments to the marketplace. The charming 16-unit apartment community is located in the heart of Fairfield, California. The 1979 built property features 100% two-bedroom units. The two buildings straddle the driveway with dedicated resident parking in the rear and flanked by established trees and shrubs. Situated midway between San Francisco and Sacramento, Fairfield greatly benefits from being a part of both major metro’s collective economies. The town’s most well-known landmarks are coincidentally the largest employment drivers in the northeast bay area. Jelly Belly Candy Factory, Anheuser-Busch Brewery, and the Travis Air Force Base are all located in town and provide a huge portion of well-paying jobs for residents. Fairfield offers a host of suburban delights with diverse restaurants and shops located in various shopping centers throughout the city. Locals flock to the Solano Town Center for a wide range of shopping opportunities and entertainment options. Fairfield is conveniently located at the intersection of two major freeways in interstate 80 and interstate 680, providing residents with quick access to Sacramento and the rest of the Bay Area. Iris Court Apartments is a unique opportunity to purchase a value-add opportunity with income upside. Please do not disturb the management. All tours must be scheduled through the listing agent.

Exclusively Listed By

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