626 S Auburn Street Pending Save Request In-Person Tour Request Virtual Tour
Grass Valley,CA 95945
Key Details
Property Type Multi-Family
Sub Type 5 or More Units
Listing Status Pending
Purchase Type For Sale
MLS Listing ID 224071645
Year Built 1938
Lot Size 1.370 Acres
Property Description
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.
Location
State CA
County Nevada
Area 13105
Interior
Heating Wall Furnace,Individual
Cooling Wall Unit(s),Individual
Flooring Carpet,Laminate,Linoleum
Laundry Coin Operated,Washer/Dryer Leased,In Common Area
Exterior
Garage Uncovered
Utilities Available Natural Gas Connected,Cable Connected,City,Electric
Roof Type Composition
Building
Lot Description Auto Sprinkler F&R,Private,Secluded,Landscape Back,Landscape Front
Story 1
Foundation ConcretePerimeter, Slab
Sewer Public Sewer
Water Public
Schools
Elementary Schools Grass Valley
Middle Schools Grass Valley
High Schools Nevada Joint Union
School District Nevada
Others
Special Listing Condition None