10661 Grays Road Forestville, CA 95436
Investment Gem Near Russian River Beaches - This unique property, a short walk to river beaches and local market, offer maximum versatility. Originally a single-family home, now a beautifully adapted three-unit dwelling, it offers an array of living options. The top floor unveils a luxuriously renovated three-bedroom, two-bath retreat where the feel is all comfort and style. Below, flexibility defines the ground level with a space that can transform from a two-bedroom, two-bath setup into separate one-bedroom one-bath and studio units, perfect for vacation rentals or long-term tenants. Each unit has independent access, set within low-maintenance, picturesque grounds. Fully updated to turnkey perfection, it's an enticing proposition for those seeking to combine lifestyle with financial return, all within a coveted location. Ideal for true investors, boasting a 6.5% cap rate at long-term rent rates plus the ability to select your own tenants and at fair market rates. This gorgeous property also invites the option to reside upstairs while benefiting from rental income below. Beautifully renovated from top to bottom. Seize this multifaceted investment opportunity. Check out the video in the virtual tour link on the platform you're browsing.
- Property TypeSingle Family Home
- NeighborhoodN/A
- CountySonoma
- Taxes$0
- HOA/Condo/Coop Fees$0
- Days on Site36 Days
- MLS StatusActive
- MLS ID Number324022725
- Home Size Source N/A
- Year Built1950
- Lot Size0.1653 Acres
- Full Baths2
- Partial BathsN/A
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General Features
- Style Traditional
- Parking Tandem Garage
- Parking Spaces 8
- Sewer Septic Tank
- Acreage 0.1653
- Water Public
- Cross Street Grays Court
- Garage Spaces 1
- Attached Garage No
- Utilities Cable Available
- Foundation Slab
- Property Condition Updated/ Remodeled
Interior Features
- Cooling DuctlessMulti Units
- Heating DuctlessMulti Units
- Fireplaces 1
- Fireplace Features BrickDouble SidedFamily Room
- Laundry Features Dryer IncludedInside AreaWasher Included
- Fireplace Yes
Exterior Features
- Roof CompositionShingle
- Spa No
- Waterfront Property No
- Lot Low Maintenance
Community Features
- Association Dues 0
- Senior Community No
- MLS Area Russian River