Investment Overview

The Jackson Towne Apartments at 500 Jackson Street, in Fairfield, CA consists of a six-unit apartment complex, located in an area with a mix of single-family homes, office, and multifamily complexes. The property is located two blocks south of Texas Street with a mix of commercial tenants, and two-blocks from the Solano County Courthouse / County Services buildings. Constructed circa 1961 on a 0.17-acre parcel (per property records) the two-story building is of wood frame with concrete block construction on the bottom floor, with a pitched composite roof, tuck-under parking on both ends of the property, and a concrete slab foundation. The property features attractive but minimal landscaping, with tuck under parking to each end of the parcel (one covered and a second tandem spot for each tenant) . The unit mix consists of (6) 2bed/1bath apartments with 750 square foot floorplans. Unit interiors feature carpeted dining room and bedrooms, luxury vinyl plank kitchen and bathroom flooring, gas stoves, wall-mount air conditioners, and gas-wall heaters. Each bottom floor unit has a spacious rear patio. The property is individually metered for gas and electricity, with an on-site laundry room.