316 S Auburn Street APT 1-7, Grass Valley, California, United States, 95945

Fully leased multi-tenant medical/professional office investment in the heart of Grass Valley. 316 S. Auburn Street offers approximately 6,981 SF in three well-maintained buildings situated on approximately .58 acres with an exceptional 31 dedicated parking spaces. The property consists of six suites, all currently occupied, providing an established income stream with a combination of longer-term leases and month-to-month tenancies that may offer future rental upside. Tenants pay their own separately metered gas and electricity, while the landlord pays water/sewer, garbage and other property operating expenses. The seller has maintained the property with pride of ownership, including significant recent HVAC improvements, a well-maintained roof and exterior, and an owned 11.1 kW photovoltaic solar system installed in 2021 serving suites 6 & 7 (combined suite). Public records show buildings constructed 1958, 1959 & 1981 w/multiple remodels over the years. Current scheduled rental income is approximately $122,892 annually. Excellent parking, established tenancy and a flexible multi-suite configuration make this an attractive opportunity for an investor seeking a stabilized medical/professional office asset in Grass Valley. Offered at $1,381,000. Offering Memorandum and financial information available to qualified buyers with signed NDA.