Active

183 Grove St

Fort Bragg CA, 95437

$668,000


$285.59 per sqft

Active

4 Baths

2,339 sqft

Multi-family

Built in 1982

Nestled in a desirable, walkable neighborhood in Fort Bragg, this unique duplex property offers the perfect blend of privacy, flexibility, and investment potential. Unlike traditional duplexes, these two detached homes are separately accessed by private driveways, providing the independence and privacy of single-family residences. With tenants already in place on 1-year leases ($2,300/month and $1995/month), this property is primed for immediate cash flow with a solid 6.2% cap rate. Each home was meticulously updated in 2024, with tenants responsible for utilities and landscaping, minimizing owner expenses. Gross annual income totals $51,540, with a net operating income of $41,089 after accounting for projected property taxes and hazard insurance costs of $10,450 combined. The front home features two stories with a one car garage, while the rear home offers a cozy single-level. Each have separate yard spaces. This versatile property is ideal for savvy investors seeking a strong return or buyers planning for future personal use, or accommodating a family member while retaining rental income. Located just minutes from downtown Fort Bragg's charming shops and restaurants, this is an opportunity to own two detached homes on one lot in a prime location.

324093956

MLS ID

December 12, 2024

Listed

December 13, 2024

Updated

Map

183 Grove St
Fort Bragg CA, 95437

Interior Features

Total Stories

0


Total Bathrooms

4


Full Bathrooms

3


Laundry Description

In Each Unit


Floor Description

Linoleum, Simulated Wood


Fireplace

No


Cooling

Yes


Cooling Description

Wall Unit(s)


Heating

Yes


Heating Description

Baseboard, Electric, Fireplace(s)

Exterior/Building Features

Lot Size

0.16 Acres


Exterior Features

Fenced Yard, Yard Space, Shape Regular


Lot Features

Shape Regular


Architectual Style

Traditional


Roof

Composition


Sewer

Public Sewer

Other Property Details

Area Name

Coastal Mendocino


Garage

Yes


Garage Spaces

1


Parking

Attached


Parking Total

5


View

No


County

Mendocino


Water Source

Public


Pool

No

Listed by Jennifer Jacobs (01330271) with HomeSmart Advantage Realty

Listing Contact:  

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