16431 Old State Hwy, Grass Valley, California, United States

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Home For Sale

$770,000

16431 Old State Hwy
Grass Valley, California, United States

3bd 2ba

Listed By: Realtyww Info

Listed On: 06/21/2023

Listing ID: GL9942851 View More Details

Description

This is a remarkable income-generating property situated on a spacious 2-acre lot. The main house boasts 3 bedrooms and 2 bathrooms, along with an attached 1-bedroom, 1-bathroom second unit, while the third unit is a detached 1-bedroom, 1-bathroom unit. The three units together currently bring in $7100 per month in rent. The property can be bought individually or as part of a package deal along with other listings in the portfolio. The sellers are willing to offer a discount for the purchase of the entire portfolio. With a net operating income of $412, 668, the cap rate for this property is impressive. The properties have been well-maintained and were completely remodeled with high-quality materials, minimizing the need for maintenance. Furthermore, the leases come with double to triple deposits, providing an added advantage. The rental history is excellent with very few vacancies. There is also an opportunity to increase the value of the portfolio through the addition of ADUs.

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Listed by: Big Block Realty North

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