San Leandro 5-unit listing

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.

San Leandro 5-unit building for sale

San Leandro 5-unit building for sale

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: $685,000

Cap: 5.68%
GRM: 10.72
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
DRE# 01866318

About BayApartmentBroker

Nick Myerhoff is a Bay Area apartment market specialist and property manager. He owns and operates his own multi-family portfolio and assists clients and prospects with their purchases and exchanges of commercial real estate in the San Francisco Bay Area.
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