Multi-Family $ 589,000

18527 Cherry Creek RD

Grass Valley, CA 95949

  • 3,000 SqFt
  • 0.66 Lot Size
  • - Year Built
Do not disturb tenants. Incredible investment opportunity in a prime location. This unique income property features four detached homes on a single lot, providing an immediate cash flow from day one. It is an investor dream come true, especially with reliable tenants already in place who would love to stay. To make your transition seamless, Mountain Valley Property Management is already managing the rentals and can easily continue overseeing the property for the new owner. The property includes four distinct units, each offering unique features and privacy. Unit one, located at 18535, is a spacious three bedroom, two bathroom home that was tastefully updated just a few years ago. It features a fully fenced yard and a lovely garden space, along with ample parking for multiple vehicles and dedicated room for an RV. This house currently rents for $1,995 per month. Unit two, located at 18565, is a charming two bedroom, one bathroom home featuring a bright, open concept layout with high ceilings in the living room. It also includes its own private side yard and a covered porch. Unit three is a well designed studio that includes a functional office space, a loft, a full bathroom, a cozy living room, and a small kitchen. This unit enjoys a generous, nicely sized fenced yard. Unit four is another efficient studio layout, offering an office space, a small living room, a full kitchen, and its own private fenced yard. The entire property offers plenty of uncovered open parking spots allocated for each unit. Situated right off Highway 49, the location is unbeatable for convenience. Commuters will love the quick freeway access, making it a short drive to either downtown Grass Valley or Auburn. Residents are just minutes away from essential amenities, including Target, local shopping, and the nearby hospital. For outdoor enthusiasts, the property offers easy access to the beautiful local rivers and lakes, making this a highly desirable rental location for long term tenants. This turnkey multi unit property offers rare stability and excellent upside in a fantastic Sierra foothills location. It is being sold with tenants in place and subject to tenant rights.
Listed by Real Broker

PROPERTY DETAIL

  • Key Details

    Property Type Multi-Family

    Sub Type Quadruplex

    Listing Status Active

    Purchase Type For Sale

    Square Footage 3, 000 sqft

    Price per Sqft $196

    MLS Listing ID 226076251

    HOA Y/N No

    Lot Size 0.660 Acres

    Acres 0.66

    Property Sub-Type Quadruplex

    Source MLS Metrolist

  • Location

    State CA

    County Nevada

    Area 13111

    Direction Hwy 49> Oak Dr> First right

  • Rooms

    Other Rooms Unit-1 Approx SqFt: 1600 Bedrooms: 3 Full Baths: 2 Total Rooms: 3 Occupancy: Tenant Rent: 1995 SqFt Source: Not Measured Unit-2 Approx SqFt: 700 Bedrooms: 2 Full Baths: 1 Occupancy: Tenant Rent: 1650 SqFt Source: Not Measured Unit-3 Approx SqFt: 400 Full Baths: 1 Occupancy: Tenant Rent: 1350 SqFt Source: Not Measured Unit-4 Approx SqFt: 400 Full Baths: 1 Occupancy: Tenant Rent: 1090 SqFt Source: Not Measured

    Basement None

  • Building

    Lot Description Shape Irregular

    Story 1

    Foundation Raised

    Sewer Septic System

    Water Well

    Architectural Style Bungalow

    Level or Stories One

  • Interior

    Heating Wall Furnace

    Cooling See Remarks

    Flooring Carpet, Vinyl, Linoleum

    Equipment Varies by Unit

    Window Features Dual Pane Partial

    Appliance Free Standing Gas Range, Free Standing Refrigerator

    Laundry Other

  • Exterior

    Exterior Feature Dog Run

    Parking Features Uncovered

    Utilities Available Electric, Internet Available, Propane

    Water Access Desc Well

    View Forest

    Roof Type Composition

    Topography Level,Trees Few

    Porch See Remarks

    Total Parking Spaces 10

  • Schools

    Elementary Schools Grass Valley

    Middle Schools Grass Valley

    High Schools Nevada Joint Union

    School District Nevada

  • Others

    Senior Community No

    Tax ID 056-110-010-000

    Space Rent $3,645

    Special Listing Condition Other

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