Property Details
About this Property
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.
MLS Listing Information
MLS #
BA324093956
MLS Source
Bay Area Real Estate Information Services, Inc.
Days on Site
9
Interior Features
Flooring
Linoleum, Simulated Wood
Cooling
Window/Wall Unit
Heating
Baseboard, Electric, Fireplace
Exterior Features
Roof
Composition
Foundation
Slab
Style
Traditional
Parking, School, and Other Information
Garage/Parking
Attached Garage, Garage: 1 Car(s)
Sewer
Public Sewer
Water
Public
HOA Fee
$0
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 2 | 2 | 2 |
| Unit # | Sq Ft | Beds | Baths | Rent |
|---|---|---|---|---|
| 1 | 1,334 | 3 | 1/1 | $2,300 |
| 2 | 1,000 | 3 | 2/0 | $1,995 |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
183 Grove St is a Duplex in Fort Bragg, CA 95437. This 2,339 square foot property sits on a 6,852 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $668,000 and was built in 1982. This address can also be written as 183 Grove St, Fort Bragg, CA 95437.
©2024 Bay Area Real Estate Information Services, Inc. All rights reserved. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information provided is for personal, non-commercial use by the viewer and may not be redistributed without explicit authorization from Bay Area Real Estate Information Services, Inc.
Presently MLSListings.com displays Active, Contingent, Pending, and Recently Sold listings. Recently Sold listings are properties which were sold within the last three years. After that period listings are no longer displayed in MLSListings.com. Pending listings are properties under contract and no longer available for sale. Contingent listings are properties where there is an accepted offer, and seller may be seeking back-up offers. Active listings are available for sale.
This listing information is up-to-date as of December 13, 2024. For the most current information, please contact Jennifer Jacobs, (707) 293-8009
