• Asking Price: $1,195,000
• This Investment Opportunity Features Four (4) Total Units Comprised of Two (2) 3bd/1.5bth Units and Two (2) 2bd/1bth Units on an Expansive 16,460 SF Lot
• Separately Metered for Gas and Electricity - Opportunity to Implement RUBS for Water/Garbage and Increase NOI by $6,500 per Year
• On-Site Amenities Include Two Car Oversized Garages, Central Heat Air, and Washer/Dryer Hookups in Each Unit, Greatly Enhancing Tenant Satisfaction
• The 3bd/1bth Units Come with Attached Patios while the 2bd/1bth Units Feature Covered Balconies
• 100% Occupied by Paying and Stable Tenants with No City Rent Control
• The Generous Lot Size Allows for the Potential to Build Additional ADU's for Increased Rental Income
• Prime Fairfield Location - Easy Access to Freeways and Close to Popular Restaurants, Cafes, Downtown, Schools, Shopping Options, and a Scenic Walking Trail

OFFERING SUMMARY

COUNTY: Solano
BUILDING SF: 4,114 SF
LAND SF: 16,460 SF
LAND ACRES: 0.38
NUMBER OF UNITS: 4
YEAR BUILT: 1989
APN: 0028-831-030

FINANCIAL SUMMARY

PRICE: $1,195,000
PRICE PSF: $290.47
PRICE PER UNIT: $298,750
OCCUPANCY: 100.00 %
NOI (CURRENT): $65,211
NOI (Pro Forma): $80,871
CAP RATE (CURRENT): 5.46 %
CAP RATE (Pro Forma): 6.77 %
CASH ON CASH (CURRENT): -0.93 %
CASH ON CASH (Pro Forma): 4.32 %
GRM (CURRENT): 13.15
GRM (Pro Forma): 11.21

PROPOSED FINANCING

LOAN TYPE: Amortized
DOWN PAYMENT: $298,750
LOAN AMOUNT: $896,250
INTEREST RATE: 6.50 %
LOAN TERMS: 30
ANNUAL DEBT SERVICE: $67,977
LOAN TO VALUE: 75 %
AMORTIZATION PERIOD: 30 Years

Property Overview

• The Pinza Group is pleased to present 2118 Woolner Ave in Fairfield, CA, featuring four total units comprised of two 3bd/1.5bth units and two 2bd/1bth units on an expansive 16,460 SF lot. Each unit is separately metered for gas and electricity. There is an opportunity to implement RUBS for water and garbage, increasing NOI by $6,500 per year. On-site amenities include two oversized garages, central heat and air, and washer/dryer hookups in each unit, greatly enhancing tenant satisfaction. The 2-bedroom units have large private covered balconies, while the 3-bedroom units feature attached patios. The property is 100% occupied by paying and stable tenants. The generous lot size allows for the potential to build additional ADUs for increased rental income. Located in a prime Fairfield area, the property offers easy access to freeways and is close to popular restaurants, cafes, downtown, schools, shopping options, and a scenic walking trail.

Location Overview

• Situated midway between San Francisco and Sacramento, Fairfield is a small city that blends suburban charm with a rich array of attractions and amenities. Known for the iconic Jelly Belly Candy Factory, the Anheuser-Busch Brewery, and Travis Air Force Base, Fairfield also boasts scenic
vineyards, wineries, beautiful parks, lush golf courses, and diverse wildlife. The city offers suburban delights with various shopping centers, diverse restaurants, and the popular Solano Town Center. For family fun, locals enjoy the Scandia Family Center with miniature golf, arcade games, and go-kart racing. Getting around is convenient with access to I-80, I-680, and railway services, making it easy to
connect to the greater Bay Area and beyond. Whether exploring cultural attractions, enjoying natural beauty, or taking advantage of modern conveniences, Fairfield presents a welcoming and vibrant community.