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Multifamily

1017 W Main St

1017 W Main St, Grass Valley, CA 95945

Listing Price: $750,000

Cap Rate
4.48%
Number of Units
4
Occupancy
100.0%
Price/Unit
$187,500
Price/Gross SF
$217.01
Gross SF
3,456

Investment Overview

Marcus & Millichap is pleased to present 1017 W Main Street in Grass Valley, California. The property consists of a two-story garden-style building constructed in 1964. The unit mix is comprised of four two-bedroom/one-bathroom units at approximately 864 square feet each. The building features a pitched composite shingle roof, stucco and wood siding exteriors, large private lanai patios, a nicely landscaped common area, laundry room, storage closets, and carport parking. The building was painted within the last three years. The apartment community is a short ten-minute walk from historic downtown Grass Valley. Downtown Grass Valley offers a variety of eating and shopping opportunities in the various restaurants, coffee, candy, clothing, home improvement, and art shops. Additionally, the property is in a residential neighborhood and next door to multiple schools and parks. The location also offers its residents a commuters paradise due to its location which is just 57 miles to Sacramento, 69 miles to Lake Tahoe, and 34 miles to Marysville. Moreover, tenants benefit from close proximity of various outdoor activities including scenic hiking trails, river activities, snow sports, and Lake Tahoe. This offering provides an investor with the opportunity to acquire a building with a highly desirable unit mix and floor plan, in a market with strong rental demand. With steady yearly rent increases and the low interest rate environment, an investor has the ability to lock in a long-term low interest rate enhancing the buildings cash flow for years to come. DRIVE BY ONLY. ALL PROPERTY SHOWINGS ARE SUBJECT TO SELLER ACCEPTED OFFER ONLY. PLEASE CONSULT MARCUS & MILLICHAP LISTING AGENT FOR MORE DETAILS. PLEASE DO NOT DISTURB TENANTS.

Investment Highlights

  • All TwoBedroom/One-Bathroom Units Each with Large Private Lanai Patios
  • Ten-Minute Walk to Historic Downtown Grass Valley
  • New Paint Within the Last Three Years
  • Carport Parking with Storage Closets
  • On-Site Laundry Room

Exclusively Listed By

Listing Price: $750,000

Cap Rate
4.48%
Number of Units
4
Occupancy
100.0%
Price/Unit
$187,500
Price/Gross SF
$217.01
Gross SF
3,456

Investment Highlights

  • All TwoBedroom/One-Bathroom Units Each with Large Private Lanai Patios
  • Ten-Minute Walk to Historic Downtown Grass Valley
  • New Paint Within the Last Three Years
  • Carport Parking with Storage Closets
  • On-Site Laundry Room

Investment Overview

Marcus & Millichap is pleased to present 1017 W Main Street in Grass Valley, California. The property consists of a two-story garden-style building constructed in 1964. The unit mix is comprised of four two-bedroom/one-bathroom units at approximately 864 square feet each. The building features a pitched composite shingle roof, stucco and wood siding exteriors, large private lanai patios, a nicely landscaped common area, laundry room, storage closets, and carport parking. The building was painted within the last three years. The apartment community is a short ten-minute walk from historic downtown Grass Valley. Downtown Grass Valley offers a variety of eating and shopping opportunities in the various restaurants, coffee, candy, clothing, home improvement, and art shops. Additionally, the property is in a residential neighborhood and next door to multiple schools and parks. The location also offers its residents a commuters paradise due to its location which is just 57 miles to Sacramento, 69 miles to Lake Tahoe, and 34 miles to Marysville. Moreover, tenants benefit from close proximity of various outdoor activities including scenic hiking trails, river activities, snow sports, and Lake Tahoe. This offering provides an investor with the opportunity to acquire a building with a highly desirable unit mix and floor plan, in a market with strong rental demand. With steady yearly rent increases and the low interest rate environment, an investor has the ability to lock in a long-term low interest rate enhancing the buildings cash flow for years to come. DRIVE BY ONLY. ALL PROPERTY SHOWINGS ARE SUBJECT TO SELLER ACCEPTED OFFER ONLY. PLEASE CONSULT MARCUS & MILLICHAP LISTING AGENT FOR MORE DETAILS. PLEASE DO NOT DISTURB TENANTS.

Exclusively Listed By

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