183 Grove Street

Fort Bragg, CA 95437

$668,000
Price
6
Beds
3
Baths
1
1/2 Bath
2,339 Sq. Ft.
$286 / Sq. Ft.
2,339
Sq. Ft.
$286
per Sq. Ft.

Description

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...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.
  1. Listed by Jennifer Jacobs • DRE #01330271 • Brokerage DRE #00920355 • HomeSmart Advantage Realty

Property Details for 183 Grove Street

Architectural Style
Traditional
Cross Street
Walnut Street
Total Parking Spaces
5
LISTING UPDATED: 12/13/2024 12:10 PM

Property Details for 183 Grove Street

StatusActive
MLS #324093956
Days on Compass5
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Duplex
Year Built1982
Lot Size0.16 AC / 6,851 SF
CountyMendocino County

Building Information for 183 Grove Street

Stories-Residences-Year Built1982Building Size-Lot Size0.16 AC / 6,851 SF

Property Information for 183 Grove Street

Summary
Location and General Information
  • Area/District: Coastal Mendocino
  • Area Short Display: G1500
  • Directions to Property: Walnut to Grove
  • Area Long Display: Coastal Mendocino
Taxes and HOA Information
  • Association: No
  • Association Fee: $0
  • APN: 018-071-33-00
Parking
  • Parking Features: Attached
  • Carport Spaces: 0
  • Garage Spaces: 1
  • Open Parking Spaces: 4
  • Covered Spaces: 0
  • Independent Parking Spaces: 0
  • Tandem Parking Spaces: 2
Virtual Tour
  • Virtual Media Count: 0
Property
Lot Information
  • Square Footage: 2339.0
  • Square Footage Source: Owner
  • Year Built Source: Assessor Auto-Fill
  • Lot Size Source: Assessor Auto-Fill
  • Lot Size Square Feet: 6852.0
  • Lot Features: Shape Regular
  • Property Condition: Updated/Remodeled
Property and Assessments
  • Picture Count: 29
  • Property Disclaimer: All data, photos, visualizations, and information regarding a property, including the property's compliance with state and local legal requirements and all measurements and calculations of area, have been obtained from various sources, and may include such material that has been generated by use of artificial intelligence. Such information and material have not been and will not be verified for accuracy by the listing broker or the multiple listing service, and are not guaranteed as complete, accurate or reliable. Such information and material should be independently reviewed and verified for accuracy. This information and material are intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
  • Construction Materials: Wood, Wood Siding
  • Actual or Scheduled: Actual
  • Gross Rent Multiplier: 12.96
Utilities
  • Sewer: Sewer Public
  • Water Source: Water Public
  • Separate Meters: Electricity, Gas, Water
  • Utilities: Cable Available, City, Electric, Internet Available
Interior and Exterior Features
Exterior Features
  • Foundation: Concrete
  • Exterior Features: Fenced Yard, Yard Space
  • Patio And Porch Features: Varies by Unit
  • Roof: Composition
  • # of Floors: 0
Interior Features
  • Heating: Baseboard, Electric, Fireplace(s)
  • Cooling: Wall Unit(s)
  • Flooring: Linoleum, Simulated Wood
  • Laundry Features: In Each Unit
  • # of Guest Space(s): 0
  • Window Features: Dual Pane Full
Multi Family
1 Bedroom Unit
  • # of 1 Bedroom Units: 0
  • 1 Bedroom Rent Range: 1050-2000
  • 1 Bedroom Annual Occupancy: .00%
  • # of 1 Bedrooms Occupied: 0
2 Bedroom Unit
  • # of 2 Bedroom Units: 0
  • 2 Bedroom Rent Range: 1600-2100
  • 2 Bedroom Annual Occupancy: 100.00%
  • # of 2 Bedrooms Occupied: 0
3 Bedroom Unit
  • # of 3 Bedroom Units: 2
  • 3 Bedroom Rent Range: 2300-2800
  • 3 Bedroom Annual Occupancy: 100.00%
  • # of 3 Bedrooms Occupied: 2
4 Bedroom Unit
  • # of 4 Bedroom Units: 0
  • 4 Bedroom Rent Range: 3000-3200
  • 4 Bedroom Annual Occupancy: .00%
  • # of 4 Bedrooms Occupied: 0
Income & Expenses
  • Gross Scheduled Income: $51,540.00
Multi-Family Information
  • # Commercial Units: 0
  • # Of Buildings: 2
  • # Of Units Total: 2
  • # of Studio Units: 0
  • # Studios Occupied: 0
Unit 1
  • Unit 1 Bedrooms: 3
  • Unit 1 Description: Two-story 3BR/1.5BA nicely updated early 2024. Great tenant HUD pays a portion of rent.
  • Unit 1 Full Baths: 1
  • Unit 1 Partial Baths: 1
  • Unit 1 # of Rooms: 5
  • Unit 1 Approx SqFt: 1334
Unit 2
  • Unit 2 Bedrooms: 3
  • Unit 2 Description: Single level 3BR/2BA, tenant moved in 3 August 2024.
  • Unit 2 Full Baths: 2
  • Unit 2 # of Rooms: 4
  • Unit 2 Approx SqFt: 1000
Unit 3
  • Unit 3 Bedrooms: 0
  • Unit 3 Full Baths: 0
  • Unit 3 Partial Baths: 0
  • Unit 3 # of Rooms: 0
  • Unit 3 Approx SqFt: 0
Unit 4
  • Unit 4 Bedrooms: 0
  • Unit 4 Full Baths: 0
  • Unit 4 Partial Baths: 0
  • Unit 4 # of Rooms: 0
  • Unit 4 Approx SqFt: 0

Property History for 183 Grove Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 183 Grove Street

Taxable ValueLand$147,900Additions$260,100Total$408,000
Tax Record2023$4,842 ($404 / month)
Home Facts
Lot Size7,090 SqFtStyleDuplexCountyMENDOCINOAPN018-071-33-00Fireplace TypeHas Fireplace

Schools near 183 Grove Street

This home is within Fort Bragg Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 3
Public - 4 to 8
Public - 9 to 12
Public - 3 to 5
Rating
School
Distance
Redwood Elementary School
PublicK to 3

Shelter Cove School
Public4 to 8

Fort Bragg High School
Public9 to 12

Dana Gray Elementary School
Public3 to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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183 Grove Street is a multi-family home for sale in Fort Bragg, CA 95437. This property was listed for sale on December 12, 2024 by HomeSmart Advantage Realty, it's currently listed at $668,000. It has been on the market for a total of 5 days and was last sold on November 7, 2022. This listing's school district is Fort Bragg Unified School District. Nearby schools include Redwood Elementary School, Shelter Cove School and Fort Bragg High School. 183 Grove Street is a 6-bed, 3.5-bath, 2,339 sqft multi-family home built in 1982.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of HomeSmart Advantage Realty, Jennifer Jacobs, DRE #01330271

Based on information from one of the following Multiple Listing Services: San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.