Don Sung - Commercial Real Estate Showcase

Don Sung Property Listings
Colliers International
203 Redwood Shores Pky
Suite 125
Redwood City, CA 94065-1198

35679 Newark Boulevard

Newark, CA 94560 - Newark MF Submarket

Property Type:Multi-Family Number of Units:4 Status:Existing Year Built:1964
Stories:2 Building Size:3,280 SF Land Area:.15 AC (6,334 SF)
For Sale Price:$1,275,000 Price/Unit:$318,750.00 Cap Rate:3.65 % GRM:-

Parking:1.26 Parking Spaces / 1,000 SF

Sale Notes:
- Completely Renovated, Pride-of-Ownership,
Turnkey Four (4) Unit Multifamily Investment Opportunity in Newark, CA.
- All 4 Units are Spacious 2 BR/1 BA Units With Upgraded Kitchens, Bathrooms, Flooring, Light Fixtures, Etc.
- Current CAP Rate: 3.65% / Current GRM: 16; Pro-Forma CAP Rate 5.71% / Market GRM: 12.
- Excellent Cashflow, Very Reasonable Cost/SF- $389 for Fully Renovated Product.
- Over $250,000 in Capital Upgrades & Interior Unit Renovation. Recent Capital Improvements: New Roof, Copper Plumbing, Dual-Pane Windows, Cement Walkway, Railings, Fixtures, Driveway.
- Tremendous Turnkey Investment Opportunity

Colliers International
Don Sung
(650) 486-2228

Theodore Enfantino
(650) 486-2200

Colliers International
John Serex
(408) 282-3803

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