183 Grove Street, Fort Bragg, CA 95437

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$649,000

bedrooms

bathrooms

square feet

2,339

Acreage

0.1573

Open Houses

year built

1982

Full Baths

Half Baths

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Nestled in a desirable, walkable neighborhood in Fort Bragg, this unique duplex property offers the perfect blend of privacy, flexibility, and investment potential. Unlike traditional duplexes, these two detached homes are separately accessed by private driveways, providing the independence and privacy of single-family residences. With tenants already in place on 1-year leases ($2,300/month and $1995/month), this property is primed for immediate cash flow with a solid 6.2% cap rate. Each home was meticulously updated in 2024, with tenants responsible for utilities and landscaping, minimizing owner expenses. Gross annual income totals $51,540, with a net operating income of $41,089 after accounting for projected property taxes and hazard insurance costs of $10,450 combined. The front home features two stories with a one car garage, while the rear home offers a cozy single-level. Each have separate yard spaces. This versatile property is ideal for savvy investors seeking a strong return or buyers planning for future personal use, or accommodating a family member while retaining rental income. Located just minutes from downtown Fort Bragg's charming shops and restaurants, this is an opportunity to own two detached homes on one lot in a prime location.

Location
Subdivision	-
County	Mendocino
Elementary School	-
Middle School	-
High School	-

Driving directions

Open houses

None scheduled.

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MLS number: 324093956

Listing agent: Jennifer Jacobs #01330271

Listing broker: HomeSmart Advantage Realty

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Last update: Wednesday, April 2 2025 at 4:28 a.m. EDT

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