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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