22774 4th Street is a five-unit multifamily property in the heart of the Hayward. Built with classic 1954 architectural design, the building is comprised of five spacious 2-bed/1-bath units, each offering efficient layouts, natural light, and strong rental appeal; like attached cottages. Tenants have individual garages with additional storage and separate washer/dryer hookups and water heaters on the first level. Operating costs are minimized because tenants are responsible for separate utilities including PG&E and garbage; in addition, most units are integrated into a RUBS payment reimbursement for water further reducing owner expenses. Buyers should check with the City of Hayward regarding the potential to convert one of the units into a 3 bed/2 bath and add value by legally incorporating the additional square footage on first level. Plus there is empty space below another unit that could allow for an additional 2 bed/1 bath ADU and another potential studio.