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For Sale: Room And Board Facility - With Real Estate - Hayward, California

$1,295,000.00

Asking Price

  • Address: 732 B Street, Hayward,

  • Status: Active

  • Posting ID: 285501

  • 3/5/24

Hayward Room And Board Facility - With Real Estate Business For Sale

Description

A unique opportunity to purchase a 9-unit room and board facility including the real estate. The location is 1.8 miles or a 6-minute drive to Cal State University East Bay, making it a great location.

The facility is a one-story building with 9 private bedrooms which each contain a single bed, dresser, built-in closet, desk, chair, and desk lamp. There are two common bathrooms which contain a shower, sink, and toilet and there is a laundry room with a washer and dryer, a storage room, and an outdoor patio area with seating. There is a full kitchen that is accessible to all residents which includes a large size 2 full door commercial refrigerator, 4 burner stove with oven, microwave, dishwasher, toaster, coffee maker, storage cabinets, and large sink. There is a parking lot available for most residential tenants.

Current monthly market rents for the units are $950 for a standard room, $1,000 for a larger room, and $1,200 for a room with a private bath. All rents include utilities, free internet connections, parking, and access to the kitchen and other amenities. For comparable studio apartments in the area, the average monthly rental is $2,000 per month + utilities as an additional charge.  

The projected gross income is $106,200 yearly before vacancy and operating expenses. The projected net income is $76,542 after 5% vacancy and 5% management fee and before property taxes. 


General Info:

Ownership:  Corporation

Reason For Sale: Other Interests

Facilities:

Square Feet:  2,230 building; 9,956 lot

RRC#  4721

Location:  732 B Street, Hayward

To get more information about this Room And Board Facility - With Real Estate business for sale in Hayward please phone Steve Zimmerman (Intermediary, Broker - BRE License #:01310250) at 888-995-9701 - if you get voicemail please leave a detailed message - make sure you mention you saw this posting/ad #285501 on BizBen.com. In addition to phoning Steve Zimmerman, make sure you email Steve Zimmerman above to get more info about this Room And Board Facility - With Real Estate, to ask any questions or request an appointment to see this business for sale. Thank you. License # 01310250. Restaurant Realty Company.

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Contact

  1. Name: Steve Zimmerman
  2. phone iconPhone: 888-995-9701

Details

  1. Asking Price: $1,295,000.00

  2. Down: Call/Email

  3. Cash Flow: Call/Email

  4. Revenue:    Call/Email

  1. Area: Hayward

  2. City: Hayward

  1. Attributes:

    Broker CooperationTraining & SupportReal Estate Included

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Related Links & Information Regarding This Posting

Email Steve Zimmerman Below About This Posting


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