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Eric Hatch

[email protected] +1(530) 277-3489

$ 1,800,000

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626 S Auburn Street Grass Valley, CA 95945

1.37 Acres Lot

UPDATED:

09/04/2024 04:56 PM

Key Details

Property Type Multi-Family

Sub Type 5 or More Units

Listing Status Pending

Purchase Type For Sale

MLS Listing ID 224071645

HOA Y/N No

Originating Board MLS Metrolist

Year Built 1938

Lot Size 1.370 Acres

Acres 1.37

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

Direction Follow CA-49 N to E McKnight Way in Grass Valley. Take the McKnight Way exit from CA-49 N. Take S Auburn Street to your destination.

Interior

Heating Wall Furnace, Individual

Cooling Wall Unit(s), Individual

Flooring Carpet, Laminate, Linoleum

Window Features Dual Pane Partial

Appliance Free Standing Gas Range, Free Standing Refrigerator, Microwave

Laundry Coin Operated, Washer/Dryer Leased, In Common Area

Exterior

Garage Uncovered

Utilities Available Natural Gas Connected, Cable Connected, City, Electric

Water Access Desc Public

Roof Type Composition

Topography Downslope

Total Parking Spaces 16

Building

Lot Description Auto Sprinkler F&R, Private, Secluded, Landscape Back, Landscape Front

Story 1

Foundation ConcretePerimeter, Slab

Sewer Public Sewer

Water Public

Level or Stories One

Schools

Elementary Schools Grass Valley

Middle Schools Grass Valley

High Schools Nevada Joint Union

School District Nevada

Others

Senior Community No

Tax ID 029-241-007-000

Special Listing Condition None

Listed by BERKSHIRE HATHAWAY Home Services NorCal Real Estate

Eric Hatch

Broker Associate | CA DRE#01180864

+1(530) 277-3489

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Eric Hatch

Eric Hatch

626 S Auburn Street Grass Valley, CA 95945

Key Details

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Interior

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Building

Schools

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626 S Auburn Street