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San Marco Street

Fairfield, CA 94533

$915,000 $3,857/Mo

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Description

424 San Marco St is a well-positioned multifamily asset comprised entirely of 2-bedroom, 1-bathroom units, a desirable unit mix that supports lower tenant turnover and reduced turnover costs. This offering presents a compelling value-add opportunity with key capital improvements already completed, including vinyl windows and upgraded electrical panels. Ownership has demonstrated the potential for increased income, with rents exceeding $1,800 in at least one unit. The property offers tuck-under parking for all tenants, along with additional street parking for guests. Designed for operational efficiency, the asset benefits from low-maintenance landscaping, wall-mounted HVAC systems, concrete driveway and walkways, and a newly constructed trash enclosureall contributing to reduced ongoing ca pital expenditure needs.

Property Details

Property Type : Residential Income

Price : $915,000

AD Id : 77540345

MLS Id : 326031678

Living Area Size : 3,840

Year Built : 1961

County : Solano

Map

Features

Water/Sewer

Sewer: Public Sewer
Interior Features

Laundry Features: In Common Area
Heating & Cooling

Heating: Wall Furnace Cooling: Wall Unit(s) WaterSource: Public

Building Information

Year Built: 1961 Basement: None
Laundry Features

In Common Area

Lot Information

Lot Description: Sidewalk, Curbs/Gutters Lot Square Feet: 7,318 Stories: 2 Main Square Feet: 3,840

Property Information

Property Type: Residential Income Sub Type: 5 or More Units SQ ft (Living Area): 3,840 Property Age: 65 Cross Street: Kidder Ave Source Neighborhood: Fairfield 6 Postal Code Plus 4: 5266 Area: Fairfield S: 94533 Living Area Source: Assessor Auto-Fill Structure Type: Apartments

Listing Price Information

Listing Id: 326031678 List Price: $915,000 List Price Tot SqFt: $238

Tax Information

Parcel Number: 0033-171-030

Parking Information

Parking Total: 5 Covered

Homeowners Association Information
Association YN: Yes Included Fees: MaintenanceExterior Included Amenities: None Calculated Total Monthly Association Fees: $$520.00 Association Fee Frequency: Monthly

Location Information

Direction: Take I80, get off on Travis Blvd. Left on Kidder Ave. Right on San Marco Street.

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
Retreat Way, Fairfield, CA, 94533	$689,900	4	3	2,057	2,057 SqFt
Cascade Circle, Fairfield, CA, 94533	$635,000	4	3	1,743	1,743 SqFt
Bell Avenue, Fairfield, CA, 94533	$425,000	3	1	1,010	1,010 SqFt
4th Street, Fairfield, CA, 94533	$485,000	3	1	925	925 SqFt
Goldcoast Drive, Fairfield, CA, 94533	$580,000	4	2	1,616	1,616 SqFt
Center Drive, Fairfield, CA, 94533	$712,490	5	3	2,311	2,311 SqFt
Retreat Way, Fairfield, CA, 94533	$674,990	4	3	2,057	2,057 SqFt
Balance Circle, Fairfield, CA, 94533	$589,490	3	2	1,353	1,353 SqFt
Balance Circle, Fairfield, CA, 94533	$712,490	4	3	2,065	2,065 SqFt
Center Drive, Fairfield, CA, 94533	$689,490	5	3	2,311	2,311 SqFt