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$750,000   Price Analysis
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217 N School St
Grass Valley, CA 95945
7 bed 4 bath 2,744 SqFt ($273/SqFt)
6,970SqFt lot. Built 1972
Listed 2024-03-15
USDA Eligible
near Grass Valley, CA
 Restrictions may apply
due to home size

Great income producing 4-plex in a prime location

Downtown Grass Vally. Three 2bed/1ba units and one 1bed/1ba unit. Annual gross income $60, 480.00. 11.82 GRM and 5.67% CAP. Dual pane windows and one on-site parking space per unit. Upgraded electrical, window air conditioning units, each unit has indoor laundry. Roof is in tremendous condition, approximately 10 years old. Pristine exterior paint and trim. Good tenants, 100% occupancy!

Don' t miss the opportunity to own this investment property!


Presented by Margaux Sindoni at
Home and Slate Real Estate.
Listing Agent Photo

Property MLS #224019744 from MetroList

Bedrooms: 7

Laundry Features: In Each Unit

Cooling Features: Ceiling Fan(s), Wall Unit(s)
Heating Features: Wall Furnace

Full Bathrooms: 4

Flooring: Carpet, Linoleum

Lot Dimensions Source: Acres
Lot Size Acres: 0.16
Topography: Downslope
Lot Size Square Feet: 6970

Parking Features: Off Street
Parking Total: 4

Association: No
Calculated Total Monthly Association Fees: 0

Number of Buildings: 1
Number of 1 Bedroom Units: 1
Number of 2 Bedroom Units: 3
Bedrooms in Unit-1: 2
Bedrooms in Unit-2: 1
Bedrooms in Unit-3: 2
Bedrooms in Unit-4: 2
Full Bathrooms in Unit-1: 1
Full Bathrooms in Unit-2: 1
Full Bathrooms in Unit-3: 1
Full Bathrooms in Unit-4: 1
Total Rooms in Unit-1: 5
Unit-1 Square Feet: 686
Unit-2 Square Feet: 686
Unit-3 Square Feet: 686
Unit-4 Square Feet: 686
Unit 1 Total Actual Rent: 1215
Unit 2 Total Actual Rent: 1150
Unit 3 Total Actual Rent: 1500
Unit 4 Total Actual Rent: 1175

Elementary School District: Grass Valley
High School District: Nevada Joint Union
Middle or Junior School District: Grass Valley

Lyman Gilmore Middle School is a public elementary and middle school located approximately 0.5 miles away.
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Mount St. Mary's Academy is a private elementary and middle school located approximately 0.5 miles away.
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Grass Valley Preschool is a public elementary, middle and high school located approximately 0.5 miles away.
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Income Includes: Rent Only
Lease Term: 12 Months
Number of Units Leased: 4

Source Listing Status: Active
County: Nevada
Cross Street: West Main Street
Directions: West Main St to North School Street to PIQ.
Disclaimer: All measurements and calculations of area are approximate. Information provided by Seller/Other sources, not verified by Broker. All interested persons should independently verify accuracy of information. Provided properties may or may not be listed by the office/agent presenting the information. Copyright 2024, MetroList Services, Inc. Any offer of compensation in the real estate content on this site is made exclusively to Broker Participants of the MetroList MLS & Broker Participants of any
Source Property Type: Residential Income
Area: Grass Valley
Source Neighborhood: 13105
Parcel Number: 083-102-100-0
Zoning: R4
Property Subtype: Apartments
Source System Name: C2C

Listed 2024-03-15
$750,000
MetroList

Year Built: 1972
Construction Materials: Frame, Wood, Wood Siding
Foundation Details: Raised
Property Age: 52
Property Condition: Updated/Remodeled, Varies by Unit
Roof: Roof Description:Composition
Levels or Stories: 1
Structure Type: Quadruplex
House Style: Ranch

Sewer: Public Sewer
City
Water Source: Public

Security Features: Carbon Mon Detector, Double Strapped Water Heater, Smoke Detector
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.