16761 Lawrence Way
Grass Valley, CA 95949

This expansive property boasts three bedrooms and three bathrooms, situated on a nearly half-acre lot. In addition to a detached garage, which has the potential to be converted into two separate units - a one bedroom, one bathroom on the top level and a two bedroom, one bathroom on the bottom level. The estimated monthly pro forma income for this property could be upwards of $6500. The property can be bought individually or as part of a package deal along with other listings in the portfolio. The sellers are willing to offer a discount for the purchase of the entire portfolio. With a net operating income of $412,668, the cap rate for this property is impressive. The properties have been well-maintained and were completely remodeled with high-quality materials, minimizing the need for maintenance. Furthermore, the leases come with double to triple deposits, providing an added advantage. The rental history is excellent with very few vacancies. There is also an opportunity to increase the value of the portfolio through the addition of ADUs. The portfolio includes MLS #s 223021624, 223020935, 223020889, 2230200949, 223020926