16431 Old State HighwayGrass Valley,
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.
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