18527 Cherry Creek Road, Grass Valley, CA 95949
Local realty services provided by:CENTURY 21 Masters
18527 Cherry Creek Road,Grass Valley, CA 95949
$589,000
- - Beds
- - Baths
- 3,000 sq. ft.
- Multi-family
- Active
Listed by: sierra player
Office: real broker
MLS#:226076251
Source:MFMLS
Price summary
- Price:$589,000
- Price per sq. ft.:$196.33
About this home
Do not disturb tenants. Incredible investment opportunity in a prime location. This unique income property features four detached homes on a single lot, providing an immediate cash flow from day one. It is an investor dream come true, especially with reliable tenants already in place who would love to stay. To make your transition seamless, Mountain Valley Property Management is already managing the rentals and can easily continue overseeing the property for the new owner. The property includes four distinct units, each offering unique features and privacy. Unit one, located at 18535, is a spacious three bedroom, two bathroom home that was tastefully updated just a few years ago. It features a fully fenced yard and a lovely garden space, along with ample parking for multiple vehicles and dedicated room for an RV. This house currently rents for $1,995 per month. Unit two, located at 18565, is a charming two bedroom, one bathroom home featuring a bright, open concept layout with high ceilings in the living room. It also includes its own private side yard and a covered porch. Unit three is a well designed studio that includes a functional office space, a loft, a full bathroom, a cozy living room, and a small kitchen. This unit enjoys a generous, nicely sized fenced yard. Unit four is another efficient studio layout, offering an office space, a small living room, a full kitchen, and its own private fenced yard. The entire property offers plenty of uncovered open parking spots allocated for each unit. Situated right off Highway 49, the location is unbeatable for convenience. Commuters will love the quick freeway access, making it a short drive to either downtown Grass Valley or Auburn. Residents are just minutes away from essential amenities, including Target, local shopping, and the nearby hospital. For outdoor enthusiasts, the property offers easy access to the beautiful local rivers and lakes, making this a highly desirable rental location for long term tenants. This turnkey multi unit property offers rare stability and excellent upside in a fantastic Sierra foothills location. It is being sold with tenants in place and subject to tenant rights....
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Home facts
- Listing ID #:226076251
- Added:1 day(s) ago
- Updated:June 19, 2026 at 09:40 PM
Rooms and interior
- Flooring:Carpet, Linoleum, Vinyl
- Kitchen Description:Free Standing Gas Range, Free Standing Refrigerator
- Living area:3,000 sq. ft.
Heating and cooling
- Heating:Wall Furnace
Structure and exterior
- Roof:Composition Shingle
- Building area:3,000 sq. ft.
- Lot area:0.66 Acres
- Construction Materials:Wood
- Foundation Description:Raised Foundation
- Levels:1 Story
Utilities
- Sewer:Septic System
Finances and disclosures
- Price:$589,000
- Price per sq. ft.:$196.33
Parking
- Total parking spaces:10
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