| INCOME PROPERTY FOR SALE: 34 UNITS |
| STATUS: |
Sold - June, 1999 |
| ADDRESS: |
15977-155987 Maubert Avenue, San Leandro, CA 94578
Cross Street: 159th Ave. Map Code: 691F4 |
| DESCRIPTION: |
Modern apartments built appox. 12 years ago consisting of four buildings with 24 2br/2ba units renting from $775 to $825 and ten 1br/1ba units renting from $575 to $625. Off-street parking, separately metered, balconies. Deferred maintenance. |
| MOTIVATION: |
Seller retiring, buyer exchanging. |
| PRICE: |
$2,240,000 |
| TERMS: |
$400,000 down, new 1st loan from F.I.P. (Ted Levenson: 415-945-5430), seller carried $230,000 for 7 years at 7% interest only. |
VALUE
INDICATORS: |
GRM: 7.3
Cap Rate: 8.6
Price per unit: $65,882
Price per square foot: $85 |
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![[photo of property]](../../ListGifs/ebay_01b.jpg) Click photo for enlargement.
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For a complete statement on this property please call or email your request, indicating whether you would like the package sent by mail or fax.
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