183 Grove Street
$668,000
6
3
1
2,339
2,339
$286
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.
- Listed by Jennifer Jacobs • DRE #01330271 • Brokerage DRE #00920355 • HomeSmart Advantage Realty
Property Details for 183 Grove Street
Architectural Style
Traditional
Cross StreetWalnut Street
Total Parking Spaces5
LISTING UPDATED: 12/13/2024 12:10 PM
Property Details for 183 Grove Street
Status | Active |
---|---|
MLS # | 324093956 |
Days on Compass | 5 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income / Duplex |
Year Built | 1982 |
Lot Size | 0.16 AC / 6,851 SF |
County | Mendocino 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
Property History for 183 Grove Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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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.
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