21641 Montgomery St - Apartments FOR SALE


Hayward, CA 94541
$2,800,000 USD
415-515-9175
21641 Montgomery St, Hayward, CA for Sale
$2,800,000 USD
Apartments - FOR SALE
1/25
null | Request Cap Rate

21641 Montgomery St
Hayward, CA 94541


OVERVIEW

Rare opportunity to acquire an excellent value add property in Hayward’s ‘Cherryland District’. Hayward is Dubbed the ‘Heart of the Bay Area’. This is your chance to own a 14 unit building on two lots (apn's) with a total lot size of 14,441 sq. ft. and an approximate 9,812 sq ft. building! 12 of the 14 units have garages and the other 2 have covered parking! Huge upside potential! Raise rents through attrition and the updating of units. Bring this current 4.65% cap property to 7.89% or more!! Discover the potential of this multi-family property located at 21641 Montgomery St. Boasting a collection of 14 uniform 2 bedroom, 1 bath units, each approximately 700 sq. ft., this investment gem is a rare find in today's market. This property offers both convenience and value to discerning investors. Fresh exterior paint, new exterior common lighting, Pest and Home Inspection available upon request. Convenience will never be a concern! Situated close to shopping, dining, Highways 880, 580, 92, 84, BART and other transportation allowing you ease of access to major local cities; Oakland, San Francisco, Palo Alto, San Mateo, San Jose; All being within a 30 mile radius. Unit Mix: 14 -2 Bedroom, 1 Bath Units / Each Approximately 700 sq. ft. 12 Garages and 2 Covered Assigned Parking Spots

FOR SALE DETAILS

PRICE

$2,800,000 USD

PRICE/SF

$214 USD /SF

# OF UNITS

14

PRICE/UNIT

$200,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1968

PARKING SPACES

38

LAND DETAILS

LAND ACRES

0.41 AC

LAND SF

17,707 SF

ZONING

RH, Hayward

APN/PARCEL ID

428-0006-014-00,428-0006-017-00

ASK ABOUT THIS PROPERTY

Ralph WatkinsWatkins Real EstateMore Info
415-515-9175

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Ralph WatkinsWatkins Real EstateMore Info
415-515-9175

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.