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Listed by Ralph Watkins III • Watkins Real Estate
$ 2,800,000
Est. payment /mo
New
21806 Meekland Ave Hayward, CA 94541
10,017 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type 5 or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 10,017 sqft
Price per Sqft $279
Subdivision Cherryland Dist.
MLS Listing ID 41106923
HOA Y/N No
Year Built 1940
Lot Size 0.565 Acres
Property Sub-Type 5 or More Units
Source BAY EAST
Property Description
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.
Location
State CA
County Alameda
Interior
Heating Wall Furnace
Cooling None
Flooring Linoleum, Partial Carpeting
Fireplace No
Building
Lot Description Court, Level
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