183 Grove Street
Fort Bragg, CA 95437
- – beds
- – baths
- 2,339 sqft
- 6,852 sqft lot
- $285 per sqft
- 1982 build
- – on site
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.
Last checked:
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Last updated Dec 17, 2024
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MLS# 324093956 —
This property is listed in more than one place. See it here.
The Building
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Year Built:1982
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Year Built Source:Assessor Auto-Fill
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Roof:Composition
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Construction Materials:Wood, Wood Siding
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Architectural Style:Traditional
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Window Features:Dual Pane Full
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Subtype Description:House(s)
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Patio And Porch Features:Varies by Unit
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# of Buildings:2
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Foundation:Concrete
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# of Units Total:2
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SqFt:2,339 Sqft
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SqFt Source:Owner
Interior
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Flooring:Linoleum, Simulated Wood
Location
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Directions:Walnut to Grove
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Area:Coastal Mendocino
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Cross Street:Walnut Street
The Property
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Property Type:Residential Income
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Property Type:Duplex
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Lot Features:Shape Regular
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6852Lot SqFt:
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Lot Size Measurement:Acres
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Lot Size Source:Assessor Auto-Fill
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0.1573Acres:
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Exterior Features:Fenced Yard, Yard Space
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Assessors Parcel Number:018-071-33-00
The Listing
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Special Listing Conditions:None
Heating & Cooling
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Heating:Baseboard, Electric, Fireplace(s)
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Cooling:Wall Unit(s)
Utilities
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Utilities:Cable Available, City, Electric, Internet Available
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Water Source:Public
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Sewer:Public Sewer
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Separate Meters:Electricity, Gas, Water
Appliances
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Laundry Features:In Each Unit
The Community
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Association:No
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Cap Rate:6.20
Parking
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Garage Spaces:1.00
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Total Parking Spaces:5.00
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Parking Features:Attached
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Tandem Parking Spaces:2
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Open Parking Spaces:4.00
Extra Units
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# of 3 Bedroom Units:2
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Unit 1 Description:Two-story 3BR/1.5BA nicely updated early 2024. Great tenant HUD pays a portion of rent.
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Unit 1 Bedrooms:3
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Unit 1 # of Rooms:5
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Unit 1 Full Baths:1
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Unit 1 Partial Baths:1
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Unit 1 Approx SqFt:1334
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Unit 2 Full Baths:2
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Unit 2 Description:Single level 3BR/2BA, tenant moved in 3 August 2024.
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Unit 2 Bedrooms:3
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Unit 2 # of Rooms:4
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Unit 2 Approx SqFt:1000
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
12/12/24
Dec 12, 2024
|
Listed / Active | BAREIS | $668,000 |
