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16431 Old State Highway

Grass Valley CA 95949

3
2
1350 sq. ft.
80150 sq. ft.
Other
Currently for sale - view listing

Overview

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.

Features

3 bedrooms
2 bathrooms
1350 sq. ft. floor area
80150 sq. ft. lot size
Other

Happy sellers in Grass Valley

88%
88% of sellers in Grass Valley reported that their sale price either exceeded or met their price expectations.

Grass Valley stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 5 reviews in Grass Valley over the last 12 months.

Local market activity for 3 bedroom other properties in Grass Valley

In the last 12 months, 2 three-bedroom other properties similar to 16431 Old State Highway, have been sold.

This represents a 80% increase in three-bedroom other properties sales when compared to the previous 12 months.

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Sales:
(619) 566-0008
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