Coastal Dream Investment Near MacKerricher St 23800 N Highway 1 5 Unit Apartment Building $799,000 ($159,800/Unit) 5.50% Cap Rate Fort Bragg, CA 95437

Coastal Dream Investment Near MacKerricher State Park! Experience the absolute best of North Coast living in this rare, character-filled mid-century modern ranch home! Nestled on a flat, highly usable 1.49-acre lot just five minutes north of Fort Bragg, this unique property offers an incredible blend of coastal serenity, architectural history, and exceptional space.Step inside the main 3-bedroom, 2-bathroom ranch-style home to discover breathtaking mid-century design elements. The expansive living space features soaring cathedral ceilings with exposed open beams and gorgeous, original old-growth redwood paneled walls that radiate warmth and historic coastal charm. Curl up on cool coastal evenings by the powerful Canadian Drolet wood stove insert, which effortlessly heats the layout. Large windows look out over your massive, beautiful yards, complete with a lush grass front yard that offers endless room to garden, play, or relax in the ocean air.The sprawling acreage also features two detached bonus outbuildings, each configured with a 1 bed 1 bath and a studio! All units are currently occupied and generating steady rental income, these structures present a phenomenal opportunity for a buyer willing to put in a little elbow grease to polish this diamond in the rough. Leave your car in the driveway and walk straight to the beach! You are just a short stroll from the world-class trails, dunes, and wildlife of MacKerricher State Park, yet a quick 5-minute drive brings you right into downtown Fort Bragg for dining, shopping, and amenities. Whether you are looking for a coastal compound, a dedicated hobby farm, or an investment with built-in income potential, this property is ready to be transformed into your ultimate NorCal dream.