The Marpel Apartments 501-523 Carpenter St Immeuble residentiel 16 lots 1 261 524 € (78 845 €/Lot) Taux de capitalisation 6,83 % Fairfield, CA 94533

Part of larger ten property portfolio sale that is subject to Court Approval. Non Disclosure Agreement Required prior to review of Offering Memorandum and financial information. For sale individually or as part of a larger portfolio.
The Marpel Apartments at 501 Carpenter Street, in Fairfield, CA consists of a sixteen unit apartment complex, located across from First Baptist Church, and a half-block from
Armijo High School. The neighborhood is a mix of single family, multifamily, with various commercial parcels on a quiet tree lined street. The property is situated six-blocks
north of the Solano County Courthouse, and County Services buildings. Constructed circa 1954 (per property records) the single-story buildings are of wood frame with stucco and wood siding, with pitched composite roofs, and are built on a spacious 0.64-acre parcel. The parcel is adjacent to a second sister, nearly identical
parcel and shares a common driveway. The Marpel Apartments feature attractive mature lawn and tree landscaping, with covered parking to the south of the parcel.
The unit mix consists of (13) 1Br/1-Bath apartments, of 500 square foot floorplans, and (3) 2bed/1bath apartments, of 533 square foot floorplans. Unit interiors feature carpeted dining room and bedrooms, luxury vinyl plank kitchen and bathroom flooring, gas stoves, metal cabinets, wall-mount air conditioners, and gas-wall heaters.