We just listed this 5-unit apartment building in San Leandro and the first showing was great. We had about a dozen prospects come to look at the property which consists of four townhouse style 2 bedroom units and one 1 bedroom unit.
The monthly gross rents for this building are fairly high and it should cash flow well with a moderate 25% down payment, especially with interest rates so low. If you are a new investor looking for a clean easy to manage property please take a closer look at this San Leandro property for sale.
Here are some details:
Price per unit: $137,000
Price per SqFt: $147.53
Cash on Cash: 6.05%
Nick Myerhoff 415-812-4450
Senior Sales Associate, Multi-family