626 S Auburn Street
Grass Valley, CA 95945
4220 sqft | 1.37 acres | #224071645
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.
Property Details
- Lot DescriptionAuto Sprinkler F&R, Private, Secluded, Landscape Back, Landscape Front
- AppliancesFree Standing Gas Range, Free Standing Refrigerator, Microwave
- Utility FeaturesNatural Gas Connected, Cable Connected, City, Electric
- FoundationConcrete Perimeter, Slab
- Cooling FeaturesWall Unit(s), Individual
- Property Subtype5 or More Units
- Property TypeMulti-Family
- Sewer InformationPublic Sewer
- ZoningMulit-Family
- RoofComposition
- Parking FeaturesUncovered
- MLS #224071645
- MLS #224071645
- Cost1800000
- Utility SourcePublic
- CountyNevada
- Acres1.37
- Square Feet4220
- Year Built1938
- Parking Spaces16
- Stories1
Location
Legal
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Last Updated: . Source: METROLISTMLS
Listing Courtesy
Listing Agent: John P Acord (#SACORDJO)
Listing Office: BERKSHIRE HATHAWAY Home Services NorCal Real Estate (#01BHHS)
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