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225 N Franklin Street

Fort Bragg, CA 95437
  • $750,000
  • STATUS: Pending
  • ON SITE: 131 Days
  • ID#: 323917302
Pending
UPDATED: 54 min ago
$750,000
  • 2
    BEDS
  • 0.18
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1904
County:

School Ratings & Info

Description

Immediate residential income ($5,650 per month) from 4 units located in the commercial business district of Fort Bragg. Current legal, non-conforming, status for these 4 units give a higher occupancy rate from residential tenants and the vacant duplex and garage on west side of property can be developed into either 2 more residential units or the various conforming, permitted, commercial uses. For serious investors the property can be developed into a vertical, mixed use, building that will offer ocean views. Possible permitted uses are retail/office/health/fitness/lodging/gallery. (check with city for more information Chapter 18.22 of city planning) 1031 exchange and residential loans possible.

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© 2024 Bay Area Real Estate Information Services, Inc. All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Excellerate Real Estate. Data last updated: 2024-02-21T14:56:10.89.
www.solanoregroup.com/homes/144337555
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225 N Franklin Street Fort Bragg, CA 95437

  • Price: $750,000
  • Status: Pending
  • On Site: 131 Days
  • Updated: 54 min ago
  • ID#: 323917302
2
Beds
2
Baths
0
½ Baths
0.18
Acres
1904
Built
Neighborhood:
Coastal Mendocino
County:
Mendocino
Area:
Coastal Mendocino
Property Description
Immediate residential income ($5,650 per month) from 4 units located in the commercial business district of Fort Bragg. Current legal, non-conforming, status for these 4 units give a higher occupancy rate from residential tenants and the vacant duplex and garage on west side of property can be developed into either 2 more residential units or the various conforming, permitted, commercial uses. For serious investors the property can be developed into a vertical, mixed use, building that will offer ocean views. Possible permitted uses are retail/office/health/fitness/lodging/gallery. (check with city for more information Chapter 18.22 of city planning) 1031 exchange and residential loans possible.
Exterior Features

Carport Spaces 0 Covered Spaces 0 Independent Parking Spaces 0 Levels One Lot Features GardenSidewalk Open Parking Spaces 0 Parking Features None Parking Total 0 Tandem Parking Spaces 0

Interior Features

1 Bedroom Units Total 2 2 Bedroom Units Total 0 3 Bedroom Units Total 0 4 Bedroom Units Total 0 Appliances DishwasherElectric Cook TopFree Standing Refrigerator Commercial Units Total 0 Cooling None Flooring CarpetLaminate Heating Central Laundry Features Other Studio Units Total 2

Property Features

Association Fee 0 Association YN No Auction No Gross Income 5650 Property Condition Varies by Unit Property Sub Type 5 or More Units Property Type ResidentialIncome Security Features Video System Separate Meters None Sewer Public Sewer Subtype Description Garden Apartments Water Source Public

Listing information © 2024 Bay Area Real Estate Information Services. Listing courtesy of David Harr of Luxe Places International Realty: 707-462-1600.


© 2024 Bay Area Real Estate Information Services, Inc. All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Excellerate Real Estate. Data last updated: 2024-02-21T14:56:10.89.
 
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