550 Berry Avenue, Hayward, CA 94544

Property Description

Rarely Available 44-Unit Multifamily Asset in Desirable Jackson Triangle Neighborhood. Peaceful Setting: Amongst Single Family Homes. Quiet Street, Minimal Thoroughfare Traffic. CAP Rate: In-Place 6.00% / Pro-Forma: 7.41%. GRM: In-Place: 10.6 / Pro-Forma: 9.2. Cost/Unit: $274,000/Door. Cost/SF: $389/SF. Pride-of-Ownership Property. Excellent Curb Appeal. Fully Secured Building. Remote-Controlled Main Entry Gate. Gated-Community. Park-Like Setting / Secured Perimeter. Excellent Curb-Appeal. 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, and More. Peninsula: Visa, Meta, Google, and More