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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