113 Lund Avenue

Posted: 4/24/2017
4 Units
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About 113 Lund Avenue

Cushman & Wakefield is pleased to exclusively off er qualifi ed parties the opportunity to acquire 113 Lund Avenue (the “Property”), a 4 unit apartment building located in Hayward, California. The Property represents the opportunity to acquire a multi-family property with a desirable unit mix, attractive features and strong in-place operations. Comprised of (4) 2+2s, 113 Lund Avenue consists of approximately 3,636 square feet of gross improved area situated on ±0.24 acres. The 100% fee simple interest in the Property is off ered for sale at $1,300,000. The listing price equates to $325,000 per unit, $162,500 per bedroom and $358 per improved square foot. 113 Lund is off ered free and clear of fi nancing. Current rents, in combination with an expense load of $7,949 per unit and $8.74 per square foot, produces a 5.53% initial capitalization rate for a new owner.