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Ron Benning

ronbenning@yahoo.com +1(916) 730-3846

$ 899,000

Est. payment | -/mo

1,411 SqFt

Save

$ 899,000

Est. payment | -/mo

Save

1,411 SqFt

Key Details

Property Type Multi-Family

Sub Type 5 or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 1,411 sqft

Price per Sqft $637

MLS Listing ID 226087942

HOA Y/N No

Year Built 1890

Lot Size 7,405 Sqft

Acres 0.17

Property Sub-Type 5 or More Units

Source MLS Metrolist

Property Description

Rare opportunity to acquire a six-unit multifamily investment property in one of Grass Valley's most desirable in-town locations. The property consists of a vintage duplex and a fourplex completed in 2012, offering a blend of classic character and newer construction. The unit mix includes three 1-bedroom units and three 2-bedroom units, with recent renovations and capital improvements throughout the property. Two units are currently vacant, providing an opportunity for immediate lease-up at current market rents. Each unit features its own laundry and separately metered PG&E service, while the owner pays the common area electric, water, sewer, and garbage. Assigned off-street parking is provided for each unit, plus an ADA parking space. Recent improvements include unit renovations, electrical upgrades, water heater replacement, flooring, paint, and other capital improvements designed to enhance long-term ownership. Located just minutes from historic downtown Grass Valley, shopping, restaurants, schools, and everyday services, the property continues to attract tenants seeking the convenience of in-town living. Whether you're expanding your investment portfolio or completing a 1031 exchange, 224 Bennett Street offers immediate income with additional upside through lease-up of the vacant units.

Location

State CA

County Nevada

Area 13105

Direction Hwy 49 to Colfax Hwy 174 exit, go straight at stop sign staying on frontage road parallel to Hwy, go straight again crossing Colfax Hwy staying on frontage road through two stop signs, then turn right on Bennett Street to PIQ.

Rooms

Other Rooms Unit-1 Approx SqFt: 953 Bedrooms: 2 Full Baths: 1 Partial Baths: 1 Total Rooms: 7 Occupancy: Vacant Rent: 1100 SqFt Source: Appraiser Unit-2 Approx SqFt: 564 Bedrooms: 1 Full Baths: 1 Occupancy: Tenant Rent: 550 SqFt Source: Appraiser Unit-3 Approx SqFt: 605 Bedrooms: 1 Full Baths: 1 Occupancy: Tenant Rent: 1100 SqFt Source: Appraiser Unit-4 Approx SqFt: 968 Bedrooms: 2 Full Baths: 1 Partial Baths: 1 Occupancy: Tenant Rent: 1050 SqFt Source: Appraiser

Interior

Heating Central, Varies by Unit, Natural Gas

Cooling Ceiling Fan(s), Central, Varies by Unit, Individual

Flooring Carpet, Tile, Laminate, Wood, Varies by Unit

Laundry Washer/Dryer Hookups

Exterior

Parking Features Off Street, Uncovered

Utilities Available Sewer Connected, City, Electric, Natural Gas Connected

Water Access Desc Public

Roof Type Metal

Total Parking Spaces 6

Building

Lot Description Sidewalk

Story 2

Foundation ConcretePerimeter, Slab

Sewer Public Sewer

Water Public

Schools

Elementary Schools Grass Valley

Middle Schools Grass Valley

High Schools Nevada Joint Union

School District Nevada

Others

Senior Community No

Tax ID 008-423-002-000

Special Listing Condition Offer As Is

Listed by Coldwell Banker Grass Roots Realty

Schools and Properties Nearby

Find out why customers are choosing LPT Realty to meet their real estate needs

+1(916) 730-3846

ronbenning@yahoo.com

Sacramento, 95825

Learn More About LPT Realty

224 Bennett ST Grass Valley, CA 95945