113 Lund Ave
Hayward, CA 94544
Multifamily Property For Sale · 4 Units

113 Lund Ave | Tours Wed 3/22 | Call for Details Scott MacDonald and Ric Russell are pleased to exclusively offer qualified parties the opportunity to acquire 113 Lund Avenue (the Property ), a 4 unit apartment building located in Hayward, California. The Property represents the opportunity to acquire a multi-family property with a desirable unit mix, attractive features and strong in-place operations. Comprised of (4) 2+2s, 113 Lund Avenue consists of approximately 3,636 square feet of gross improved area situated on ±0.24 acres. The 100% fee simple interest in the Property is offered for sale at $1,300,000. The listing price equates to $325,000 per unit, $162,500 per bedroom and $358 per improved square foot. 113 Lund is offered free and clear of financing. Current rents, in combination with an expense load of $7,949 per unit and $8.74 per square foot, produces a 5.53% initial capitalization rate for a new owner. -113 Lund Avenue is a 4 unit apartment property 100% comprised of 2+2 units with an average unit size of approximately 909 square feet. -The Property is a pride-of-ownership asset with private garages, individual hot water heaters, separately metered PG&E, individual washer/dryer hook-ups and a large,landscaped shared backyard. -Strong in-place operations provides a new owner a substantial initial return and month-to-month leases provide flexibility in potentially implementing a more aggressive revenue-producing management strategy. -113 Lund is located 26 miles southeast of San Francisco, 15 miles south of Oakland, 16 miles east of San Mateo, 25 miles north of San Jose and 12 miles west of Pleasanton; immediate proximity to I-880, I-580, the San Mateo Bridge and Hayward BART provide tenants with excellent access to the region' s employment hubs.