MLS® ID: 40877988
HAYWARD, California, 94541-2471 $3,895,000
Located in an up and coming Hayward location, 21005-21115 Meekland offers an experienced investor immediate cash flow with tremendous rental upside. The property consists of two single family homes-one 3bd/2bth (delivered vacant) and one 2bd/1bth. There are 12 cottages in the back, each with two bedrooms and one bathroom, laundry room, and backyard. All tenants are on a month to month tenancy which will allow for immediate rental increases with no government oversight. There is also a large, warehouse which is vacant, which is situated next to the property. The property is separately metered for PG&E, & there is ample tenant/guest parking. The property is in unincorporated Hayward, which means because the rents are well below market an investor may raise rents almost immediately and take advantage of the strong rental market of Hayward. South of Oakland and north of Hayward lies the dreamily named Cherryland, an unincorporated community of quiet residential streets and lush parks.