16431 Old State Highway, Grass Valley, CA 95949
Listing ID# 223020935

  • Image is loading
  • Image is loading
, ,
1 / 2

16431 Old State HighwayGrass Valley, California CA95949-9168

Total Baths2
Full Baths2
SqFt 1,350
Acres 1.840
Year Built1969
Property TypeResidential
Property Sub Type2 Houses on Lot

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.

Use of this site means you agree to the Metrolist Terms of Use. The content relating to real estate for sale on this web site comes in part from the IDX program of the MetroList MLS Services. Listing content is copyright © 2023 MetroList MLS Services. All information provided is deemed reliable but is not guaranteed and should be independently verified. The information provided is for consumers. personal, non-commercial use and may not be used for any purpose other than to identify prospective properties for purchasing. This information was last updated as of date specified below. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Please contact Coldwell Banker Grass Roots Realty directly for additional information pertaining to the status and availability of properties displayed on this website.

A "V" next to any listing's price indicates that that the seller is willing to entertain offers within the Listing Price range. For example, a Price Range of $140,000-170,000 indicates the seller will entertain offers from $140,000 to $170,000. An "M" or an "S" next to any listing's price indicates that the terms of the listing agreement state that the Broker will not be providing any of a number of customary services. the offer of compensation is made only to Participants of MLS where the subject listing is filed and in accordance with such MLS's regulations or rules
#IDX-primaryPhoto,#idx-details-headerListed by: Big Block Realty North

Request More Information - Listing ID 223020935

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Coldwell Banker Grass Roots Realty

855 Sutton Way
Grass Valley, CA 95945
Phone: 530-273-7293
Phone Alt: 800-633-6899
Fax: 530-477-9330

Similar Listings

Data services provided by IDX Broker