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Listed by Colliers Parrish International, Inc.
$ 10,912,000
Est. payment /mo
Active
550 Berry Avenue Hayward, CA 94544
31,006 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 31,006 sqft
Price per Sqft $351
MLS Listing ID ML82061756
HOA Y/N No
Year Built 1960
Lot Size 1.400 Acres
Property Sub-Type Other
Source Datashare MLSListings
Property Description
OVER $1 MILLION PRICE REDUCTION! HIGH-QUALITY BUILDING w/ SOLID INCOME & MINIMAL HEADACHES. HIGH-OCCUPANCY. Rarely Available 44 Quality Units in Desirable Jackson Triangle. Peaceful Setting: Amongst Single Family Homes. Quiet Street, Minimal Thoroughfare Traffic. CAP Rate: In-Place 6.75% / Pro-Forma: 8.00%. GRM: In-Place: 9.85 / Pro-Forma: 8.54. Cost/Unit: $248,000/Unit. Cost/SF: $352/SF. Pride-of-Ownership Property. Excellent Curb Appeal. Fully Secured Building. Gated-Community. Park-Like Setting / Secured Perimeter. Unit Mix: (26) Spacious 1 Bedroom/1 Bath ( 663 SF) Units. (18) Spacious 2 Bedroom/1 Bath ( 765 SF) Units. Secured Center Courtyard w/ Numerous Tenant Amenities. Durable Rents w/ Upside: Low Historic Vacancy. Low Tenant Turnover. Solid Cashflow. Reposition Ideas: Add Dishwashers, Recessed Lighting, Flooring Upgrades. Capital Improvements: Dual-Pane Windows, Water Heaters, Landscape Lighting, Exterior Painting, Etc. Excellent Connectivity & Access to Major Employers: Public Transit: 1.8 Miles From the Hayward BART Station (9-Minute Bike Ride / 12 Minutes by Bus). Commute: Easy Access to Major Freeways (Highways 92, 880, and 84). Major Employers: Short Commute to Major Employers. East Bay: Tesla, Kaiser, UC Berkley, etc. Peninsula: Visa, Meta, Google, and More
Location
State CA
County Alameda
Interior
Heating Wall Furnace
Cooling Ceiling Fan(s)
Flooring Hardwood
Fireplace No
Appliance Refrigerator
Laundry Coin Operated
Building
Water Public