626 S Auburn Street Grass Valley, CA 95945
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.
- Property TypeMulti-Family
- NeighborhoodN/A
- CountyNevada
- Taxes$0
- HOA/Condo/Coop Fees$0
- Days on Site46 Days
- MLS StatusPending
- MLS ID Number224071645
- Home Size Source N/A
- Year Built1938
- Lot Size1.37 Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Construction Wood Siding
- Parking Uncovered
- Parking Spaces 16
- Sewer Public Sewer
- Electric 220 Volts
- Number of Stories 111
- Acreage 1.37
- Water Public
- Zoning Mulit-Family
- Cross Street E Empire St.
- Property Sub Type Multi Family
- Garage Spaces 0
- Utilities Natural Gas ConnectedCable Connected
- Foundation Concrete PerimeterSlab
- Property Condition Updated/ Remodeled
Interior Features
- Cooling Wall Unit(s)Individual
- Heating Wall FurnaceIndividual
- Appliances Free Standing Gas RangeFree Standing RefrigeratorMicrowave
- Flooring CarpetLaminateLinoleum
- Laundry Features Coin OperatedWasher/ Dryer LeasedIn Common Area
- Window Features Dual Pane Partial
Exterior Features
- Roof Composition
- Lot Auto Sprinkler F& RPrivateSecludedLandscape BackLandscape Front
Community Features
- Association Dues 0
- MLS Area 13105