Co-Housing or Community Living
What to look for in a property?
One of the best ways to think about a subject is with a real life example. There is a property in Grass Valley California which can be used as a Co-Housing or Community Living. Here is how they describe the home
Luxury Community Living at its finest! This immaculate co-housing property has two homes. One of these gorgeous homes is a 6534 sf up to 15 bedroom 6 full bath home with a whirlpool heated bath tub room, and three half baths. This home has a very large formal dining room with coffered ceilings and a wet bar with handmade artisan concrete counter tops, that could easily feed 20-30 at a time. The large kitchen has a commercial range with double ovens, and enough space to cook for a crowd! The inviting large living room is the perfect spot to gather and share stories of life while staring into the dancing flames in the wood fireplace. There are too many details to share so please take a look at the pictures as they are worth thousands of words!
This home was re-built during a two year remodel by Walsh Built Homes that left no detail undone. The wiring and water supply piping is all new, the walls are adorned with imperfect smooth wall and moldings galore. The flooring is a wood look vinyl plank flooring with a 15yr commercial warranty. (ALL LOW MAINTENANCE!) The laundry room has two brand new washers, and two brand new dryers making scheduling laundry a breeze! The exterior of the home is quite simply an architectural wonder. With two grass courtyards and two amazing water features, the atmosphere is perfect for yoga in the yards, or for the kids to adventure safely on this property which is located towards the end of a dead end street. There is ample parking for all the residents and their friends, and abundant storage. There are walking trails along the NID ditch and frisbee golf across the road, and a local bus stop at the end of the road. Walk into historic downtown and enjoy co-housing that feels more like living in a luxury retreat!
The second home is a 1484 sf 3/2 that has also been meticulously remodeled. There is a current tenant in the home that can stay there with an $1800 a month lease in place, or is willing to move out with 60 days notice. This home could also be used as a co-housing property.
There is also a 200+ sf free standing cabin with a half bath on site that could also be rented out, as well as a 700+ sf concrete block building that has a new roof included. This could be used for an art studio, wood shop, storage building, work out room, etc.
Currently rentals are almost impossible to find in the historic mountain town, Grass Valley! What a great time to offer rooms in this incredible co-housing home!
This property could generate income of $16,000 – $20,000 a month!
Also included with a full price offer is a $12,000 credit with the contractor for any necessary modifications.
All of this for only $1,350,000; only $164 a square foot! This haven is $300 a square foot quality for nearly half the price!
Coffee Real Estate
916 276 8482
BRE 01923081 NMLS 997987