Active
10661 Grays Rd
Forestville CA, 95436
$949,000
$365.00 per sqft
Active
3 Beds
2 Baths
2,600 sqft
Multi-family
Built in 1950
Investment Gem Near Russian River Beaches - This unique property, a short walk to river beaches and local market, offer maximum versatility. Originally a single-family home, now a beautifully adapted three-unit dwelling, it offers an array of living options. The top floor unveils a luxuriously renovated three-bedroom, two-bath retreat where the feel is all comfort and style. Below, flexibility defines the ground level with a space that can transform from a two-bedroom, two-bath setup into separate one-bedroom one-bath and studio units, perfect for vacation rentals or long-term tenants. Each unit has independent access, set within low-maintenance, picturesque grounds. Fully updated to turnkey perfection, it's an enticing proposition for those seeking to combine lifestyle with financial return, all within a coveted location. Ideal for true investors, boasting a 6.5% cap rate at long-term rent rates plus the ability to select your own tenants and at fair market rates. This gorgeous property also invites the option to reside upstairs while benefiting from rental income below. Beautifully renovated from top to bottom. Seize this multifaceted investment opportunity. Check out the video in the virtual tour link on the platform you're browsing.
324022725
MLSⓇ ID
May 15, 2024
Updated
Map
10661 Grays Rd
Forestville CA, 95436
Interior Features
Total Stories
1
Bedrooms
3
Total Bathrooms
2
Full Bathrooms
2
Laundry Description
Dryer Included, Inside Area, Washer Included
Fireplace
Yes
Fireplace Description
Brick, Double Sided, Family Room
Cooling
Yes
Cooling Description
Ductless, Multi Units
Heating
Yes
Heating Description
Ductless, Multi Units
Exterior/Building Features
Lot Size
0.17 Acres
Exterior Features
Low Maintenance
Lot Features
Low Maintenance
Architectual Style
Traditional
Roof
Composition, Shingle
Sewer
Septic System
Other Property Details
Area Name
Russian River
Garage
Yes
Garage Spaces
1
Parking
Tandem Garage
Parking Total
8
View
No
County
Sonoma
Water Source
Public
Pool
No
Buyer Agency Compensation
2.5%
Listing History
Date | Event | Price |
---|---|---|
5/14/2024 | Price Change | $949,000 -3% |
4/23/2024 | Price Change | $975,000 -5% |
Listed by Jennifer Peschken (01330271) with HomeSmart Advantage Realty
Listing Contact:
All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Eric Drew | CA DRE# 00464329 shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
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