283 CHERRY WAY

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283 CHERRY WAY

HAYWARD, CA 94541-1904
Asking Price
$2.65M
Cap Rate
5.44%
Asset Type
Apartment Building Multifamily
Class
Class B

What's Special

8 units in Cherryland. Well maintained, low expense building. Turn key opportunity. <ul><li>​<strong>Well maintained, low expense property. Turnkey opportunity.</strong></li><li>​<strong>Superior unit mix. One 3 bed/1 bath SFR with seven 2 bed/1 bath apartments. Two off street parking spaces for each unit. </strong></li><li>​<strong>Separately metered for gas, electric, garbage, and water usage. Tenants pay. </strong></li><li>​<strong>No local rent control ordinance. No decks. Limited regulatory conditions for subject property. </strong> </li><li>​<strong>ADU conversi

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NOI
$80,000
Cap Rate
3.02%
DSCR
0.51
Underwater
Cash-on-Cash
-9.73%
Monthly Payment
$13,110.754
Annual Cash Flow
$-77,329.049

Location & Travel Times