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761 Shepherd Ave 4 Unit Apartment Building $1,395,000 ($348,750/Unit) 5.68% Cap Rate Hayward, CA 94544

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Investment Highlights

Four 2bd/1bth Units of Approximately 700 Sq Ft Each
New Kitchens & Bathrooms, Light Fixtures, Stainless Steel Appliances, and Luxury Flooring
Assigned Off-Street Covered Parking, Newly Sealed Asphalt & Coin Operated Laundry Providing Additional Income

Low Annual Expenses - Tenants Pay Garbage, Gas, and Electricity
Dual Pane Windows, New Fence, Fresh Coat of Exterior Paint & Easy to Maintain Landscaping

Executive Summary

This offering presents a unique opportunity for a new or seasoned investor to acquire a four unit, fully remodeled investment property in Hayward, CA, one of the East Bay's best rental markets. Upgrades include, but are not limited to, new kitchens and bathrooms, stainless steel appliances, new luxury flooring, dual pane windows throughout, new asphalt driveway and freshly painted interior and exterior. The property provides low annual expenses as tenants pay for gas, electric, and garbage and there are coin operated laundry machines providing additional extra income for the owner. Further enhancing the opportunity investors can take advantage of 30 year fixed financing with this turnkey asset.

Property Facts

Price	$1,395,000	Building Class	C
Price Per Unit	$348,750	Lot Size	0.11 AC
Sale Type	Investment	Building Size	2,778 SF
Cap Rate	5.68%	Average Occupancy	100%
Gross Rent Multiplier	12.68	No. Stories	2
No. Units	4	Year Built	1965
Property Type	Multifamily	Parking Ratio	1.43/1,000 SF
Property Subtype	Apartment Multifamily Manufactured Housing Mobile Home Park Office Office Residential Multifamily Dormitory	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Price	$1,395,000
Price Per Unit	$348,750
Sale Type	Investment
Cap Rate	5.68%
Gross Rent Multiplier	12.68
No. Units	4
Property Type	Multifamily
Property Subtype	Apartment Multifamily Manufactured Housing Mobile Home Park Office Office Residential Multifamily Dormitory
Building Class	C
Lot Size	0.11 AC
Building Size	2,778 SF
Average Occupancy	100%
No. Stories	2
Year Built	1965
Parking Ratio	1.43/1,000 SF
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.