Overview

Description

Vacancy in the Hayward/Castro Valley/Union City multifamily submarket is 6.5% and has increased 3.4% over the past 12 months. During this period, 580 units have delivered, and 71 units have been absorbed. Despite a substantial increase in availabilities, rents have increased 0.4% over the past year, to around $2,200/month. In the past three years, rents have increased a cumulative 6.9%.


14 cottage style multifamily units, some are stand alone. Each unit is grade level, has attached garage or storage area. In addition, each unit has a backyeard.

Highlights

• Price Adjustment
• Assumable Loan
• Easy Access to I-580
• Possibility for 3 additional units
• Prime 1.1 acres Multifamily Property
• 14 Cottage Style units

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