Well maintained San Mateo 5-plex in the Hayward Park neighborhood. Rare opportunity for immediate upside in rents as all tenants are on month to month leases and property is 100% occupied. This property is a great opportunity for an owner looking for monthly revenue with little to no maintenance. Median Household Income of the area exceeds $124,000. Leaving the property as-is, rents are still currently below market value creating the opportunity for an immediate increase in revenue.

Property Features

• 4,310 SF building
• 6,200 SF lot
• 5 units (1 2bed/1 bath, and 4 1 bed/1bath)
• Walk to Trader Joe’s and Cal Train
• 5 covered parking spaces
• CAP Rate 3.5%
• $96,000 current annual gross income
• Gross Rent Multiplier 22.9