





Description
100% occupied 4-plex in Downtown Grass Valley. The building has 2 units upstairs and 2 units downstairs all consisting of 2 bedrooms, 1 bathroom and approximately 847SF. Tenants are currently on month to month leases with below market rents and have continued to pay 100% of rent during COVID-19. Existing rents are all at $700 per month, while market rents for 2-bedroom units in Grass Valley are approximately $1,200 per month. At market rental rates the property returns at a 7.86% cap rate. Makeup of these units and location of the building is heavily desired in Nevada County with little to none on the market; making these units easy to rent out.
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