478 Schafer Road, in Hayward, CA is a legal 6-unit multifamily property that is currently being operated as 5 units as two of the units have been combined. The combined units can be easily split to create the 6-unit configuration. As operated, all units are spacious 2 and 3 bedroom units, all single-story. Property is on a large .42 acre lot with ample onsite parking. ALL units have in-unit laundry and dishwasher. Most of the units have been extensively renovated with new kitchen cabinets, counters, appliances, flooring, bathrooms, windows, etc... The owner, at their own considerable expense, completed architectural drawings and readied permits that can be pulled by a new owner to add a second bathroom to (2) of the units. A new owner can complete these additions to increase the overall rent potential and have excellent cash-flow. 5.74% CAP RATE ON REAL PRO FORMA NUMBERS AT LIST PRICE.
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