Description

25583 Spring Drive offers a rare vacant-delivery multifamily opportunity in Hayward's consistently strong rental market. Ideally situated between San Francisco, Oakland, and Silicon Valley, the property provides excellent regional connectivity via I-880, Hwy 92, and the South Hayward BART Station. Located approximately one mile from Cal State East Bay, the asset benefits from durable rental demand driven by students, faculty, and working professionals. The four-unit, two-story building features (3) 2BD/2BA and (1) 2BD/1BA units, totaling 3,196 SF on a 6,204 SF lot with a three-car garage. Built in 1995, the newer vintage construction offers reduced deferred maintenance and long-term operational durability compared to surrounding East Bay inventory. All four units will be delivered vacant, giving the incoming investor full flexibility to set market rents and select tenants from day one no buyouts, no displacement. Projected gross income of approximately $10,400/month. Select units include in-unit washer/dryer, central heat, and central A/C amenities rarely found at this price point. The building is equipped with leased solar panels that offset common area utility costs, and a tenant utility bill-back structure further strengthens net operating income. Solar lease is assumable.