CA > Fort Bragg
Fort Bragg, CA 95437,183 Grove ST
Fort Bragg, CA 95437,183 Grove ST
Fort Bragg, CA 95437,183 Grove ST
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Pavi Micheli

Pavi Micheli

+1(707) 738-2219
Listed by Jennifer Jacobs • HomeSmart Advantage Realty
$649,000
Est. payment /mo
3,300 Beds
3 Baths
2,339 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,339 sqft

Price per Sqft $277

MLS Listing ID 324093956

Bedrooms 3300

Construction Status Updated/Remodeled

HOA Y/N No

Year Built 1982

Lot Size 6,851 Sqft

Property Sub-Type Duplex

Property Description

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.

Location

State CA

County Mendocino

Area Coastal Mendocino

Interior

Heating Baseboard, Electric, Fireplace(s)

Cooling Wall Unit(s)

Flooring Linoleum, Simulated Wood

Exterior

Exterior Feature Fenced Yard, Yard Space

Parking Features Attached

Garage Spaces 5.0

Utilities Available Cable Available, City, Electric, Internet Available

Roof Type Composition

Building

Foundation Concrete

Sewer Public Sewer

Water Public

Architectural Style Traditional

Construction Status Updated/Remodeled

Others

Special Listing Condition None

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Pavi Micheli

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+1(707) 738-2219

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183 Grove ST