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$589,000

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3,000 SqFt

New

18527 Cherry Creek RD Grass Valley, CA 95949

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Sierra Player

sierraplayerrealtor@gmail.com +1(530) 604-9319

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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

Property Description

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.

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

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

Building

Lot Description Shape Irregular

Story 1

Foundation Raised

Sewer Septic System

Water Well

Architectural Style Bungalow

Level or Stories One

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

Listed by Real Broker

NEARBY SCHOOL & BUSINESS

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Sierra Player

+1(530) 604-9319

sierraplayerrealtor@gmail.com

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18527 Cherry Creek RD Grass Valley, CA 95949

Sierra Player

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

NEARBY SCHOOL & BUSINESS

GET MORE INFORMATION

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18527 Cherry Creek RD