Property Details
About this Property
Charming 11-unit cottage-style residential income property situated among the trees in the picturesque town of Grass Valley, just minutes from downtown. Conveniently close to shopping, recreation, a wide variety of restaurants, and numerous year-round community events, all within a short walk or drive. Each of the 11 units has been lovingly renovated, and the property offers future expansion potential on approximately 0.5 acres in the back left corner of the parcel, with prior verbal approval from the county for a duplex and ADU, or a single-family residence and an ADU. Verification with the county is recommended to confirm the potential for future development. The property is expertly managed by TK Property Management, which handles both standard tenants and Airbnb bookings, optimizing income through a mixed revenue approach. Airbnb guests typically stay for over three months and include traveling professionals like nurses and contractors at Beale. This property is ideal for investors seeking a turnkey opportunity with a proven track record of maximum profitability and high occupancy rates.
MLS Listing Information
MLS #
ME224071645
MLS Source
MetroList Services, Inc.
Days on Site
179
Interior Features
Appliances
Microwave, Oven Range - Gas
Flooring
Carpet, Laminate, Linoleum
Laundry
Coin Operated
Cooling
Air Conditioning - Individual, Window/Wall Unit
Heating
Individual Room Controls, Wall Furnace
Exterior Features
Roof
Composition, Rolled/Hot Mop
Foundation
Concrete Perimeter, Slab, Concrete Perimeter and Slab
Parking, School, and Other Information
Garage/Parking
Garage: 0 Car(s)
Sewer
Public Sewer
Water
Public
HOA Fee
$0
Zoning
Mulit-Family
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 7 | 11 | – |
| Type | Sq Ft | Beds | Baths | Min Rent | Max Rent | Units Like This |
|---|---|---|---|---|---|---|
| 1 | 988 | 2 | 1/0 | $1,375 | – | – |
| 2 | 325 | 1 | 1/0 | $1,469 | – | – |
| 3 | 325 | 1 | 1/0 | $1,468 | – | – |
| 4 | 325 | 1 | 1/0 | $1,000 | – | – |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
626 S Auburn Street is a Residential Income in Grass Valley, CA 95945. This 4,220 square foot property sits on a 1.37 Acres Lot and features – bedrooms & – full bathrooms. It is currently priced at $1,800,000 and was built in –. This address can also be written as 626 S Auburn Street, Grass Valley, CA 95945.
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This listing information is up-to-date as of December 19, 2024. For the most current information, please contact John Acord, (916) 952-8550
