4 plex in good neighborhood. Walking distance to downtown Grass Valley. All units in good shape. Vacancy rate over the past ten years is virtually zero. All units are currently rented. Two renters have been there for 1 year, the other two units have longer term tenants - 6 1/2 years and 4 1/2 years respectively, all on month to month leases. All units have central a/c and heat. Each unit has its own laundry and water heater. Unit #2 and #4 have gas fireplaces. The larger units are both townhouses. Refrigerators, washers and dryers all belong to owner and are included in the sale. Gross income is $60,300. Cap rate is 6.75% Gross multiplier is 12.69%
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Listing Courtesy ofBERTKE CONSULTING SERVICES