626 South Auburn Street
$1,800,000
5
4
4,220
4,220
$427
Description
Charming 11-unit cottage-style residential income property situated among the trees in the picturesque town of Grass Valley, just minutes from downtown. Conveniently close to shopping, recreation, a wide variety of restaurants, and numerous year-round community events, all within a short walk or drive. Each of the 11 units has been lovingly renovated, and the property offers future expansion potential on approximately 0.5 acres in the back left corner of the parcel, with prior verbal approval from...Charming 11-unit cottage-style residential income property situated among the trees in the picturesque town of Grass Valley, just minutes from downtown. Conveniently close to shopping, recreation, a wide variety of restaurants, and numerous year-round community events, all within a short walk or drive. Each of the 11 units has been lovingly renovated, and the property offers future expansion potential on approximately 0.5 acres in the back left corner of the parcel, with prior verbal approval from the county for a duplex and ADU, or a single-family residence and an ADU. Verification with the county is recommended to confirm the potential for future development. The property is expertly managed by TK Property Management, which handles both standard tenants and Airbnb bookings, optimizing income through a mixed revenue approach. Airbnb guests typically stay for over three months and include traveling professionals like nurses and contractors at Beale. This property is ideal for investors seeking a turnkey opportunity with a proven track record of maximum profitability and high occupancy rates.
- Listed by John Acord • DRE #01758962 • BERKSHIRE HATHAWAY Home Services NorCal Real EstateP: (916)-952-8550 John@BHHSNorCal.com
Property Details for 626 South Auburn Street
Parking Features
Uncovered
ZoningMulit-Family
LISTING UPDATED: 11/05/2024 07:32 AM
Property Details for 626 South Auburn Street
Status | Active |
---|---|
MLS # | 224071645 |
Days on Compass | 138 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income / 5 or More Units |
Year Built | 1938 |
Lot Size | 1.37 AC / 59,677 SF |
County | Nevada County |
Building Information for 626 South Auburn Street
Stories1Residences11Year Built1938Building Size-Lot Size1.37 AC / 59,677 SF
Property Information for 626 South Auburn Street
Property History for 626 South Auburn 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 626 South Auburn Street
Taxable ValueLand$348,173Additions$1,044,524Total$1,392,697
Tax Record2024$15,467 ($1,289 / month)
Home Facts
Baths1Total Finished SqFt4,220 SqFtAbove Grade Finished SqFt4,220 SqFtStories1Lot Size59,677 SqFtStyleMulti-Family Dwelling (2-4)Year Built1938Year Renovated1990ZoningRCountyNEVADAAPN029-241-007-000
Schools near 626 South Auburn Street
This home is within Grass Valley Elementary School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 4 | |||
Public - | 5 to 8 | |||
Charter - | 9 to 12 | |||
Public - | K to 4 |
Rating | School | Distance |
---|---|---|
Margaret G. Scotten Elementary School PublicK to 4 | ||
Lyman Gilmore Middle School Public5 to 8 | ||
Sierra Academy Of Expeditionary Learning Charter9 to 12 | ||
Bell Hill Academy PublicK to 4 |
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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