21806-21832 Meekland Ave - Apartments FOR SALE


Hayward, CA 94541- Cherryland
$2,800,000 USD
415-515-9175
21806-21832 Meekland Ave, Hayward, CA for Sale
$2,800,000 USD
Apartments - FOR SALE
1/24
null | 5.03% Cap Rate

21806-21832 Meekland Ave
Hayward, CA 94541
Cherryland


HIGHLIGHTS

  • Excellent Investment Opportunity!!
  • Fantastic Central Location!
  • Unincorporated Alameda County / Cherryland District

OVERVIEW

Excellent investment in Hayward’s coveted ‘Cherryland District’. Known for its central location and ease of access. Hayward is Dubbed the ‘Heart of the Bay Area’. The Property is in an Unincorporated Area of Hayward, Alameda County. The property generates an in place, stabilized 5.03% Cap Rate and provides Excellent upside potential with a Proforma Cap Rate approaching 7%!! The property offers investor’s a prime multi-family unit mix. Ideally situated with a 3 bed/1 bath SFH located at the front of the property and directly in the rear there are 13 uniform 2 bed/1 bath units. The front Single Family Home is equipped with garage and laundry. Additional, allocated parking for rear units is plentiful and off-street. Tenants enjoy a central location with easy access to multiple freeways and sources of public transportation and less than 2 miles to Hayward BART and the vibrant Downtown Hayward! Showing subject to accepted offer Only. DO NOT DISTURB TENANTS. Please contact Watkins Real Estate for Full Offer Memo.

FOR SALE DETAILS

PRICE

$2,800,000 USD

PRICE/SF

$222 USD /SF

# OF UNITS

14

PRICE/UNIT

$200,000

CAP RATE

5.03%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1940

PARKING SPACES

16

LAND DETAILS

LAND ACRES

0.56 AC

LAND SF

24,598 SF

ZONING

-

APN/PARCEL ID

429-0064-033-00

ASK ABOUT THIS PROPERTY

Ralph WatkinsWatkins Real EstateMore Info
415-515-9175

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Ralph WatkinsWatkins Real EstateMore Info
415-515-9175

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.