| INCOME PROPERTY FOR SALE: 63 UNITS |
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| STATUS: |
Sold - March, 2002 |
| ADDRESS: |
963 West Tennyson Road, Hayward, CA 94544
Cross Street: Tyrrell Avenue Map Code: 712A7 |
| MOTIVATION: |
Seller is retiring. |
| PRICE: |
$4,500,000 |
| TERMS: |
$500,000 down. Contract of Sale for $4,000,000 at 8.5% interest for two years. |
| DESCRIPTION: |
Sixty-three unit apartment building in South Hayward. Undermanaged with deferred maintenance. Fifty three 2-br/2-ba and ten 3-br/2-ba units with parking. Rents half of market. |
VALUE
INDICATORS: |
GRM: 8.5
Cap Rate: N/A
Price per unit: $71,428
Price per square foot: $87 |
| CONTACT: |
Link Corkery 510.810.2140
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| For a complete statement on this property please call me or e-mail your request, indicating whether you would like the package sent by mail or fax. |
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