$1,456,000
$1,595,000
8.7%For more information regarding the value of a property, please contact us for a free consultation.
0.66 Acres Lot
SOLD DATE : 12/03/2022
Key Details
Sold Price $1,456,000
Property Type Multi-Family
Sub Type 5 or More Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 222120127
Sold Date 12/03/22
HOA Y/N No
Originating Board MLS Metrolist
Year Built 1970
Lot Size 0.658 Acres
Acres 0.6579
Property Description
Well-maintained 7-unit apartment buildings in prime Auburn location minutes from Highway 80. Within walking distance of Old Town Auburn, Downtown Auburn, and the Placer County Fairgrounds. Far below market rents with upside potential. Current market rents would yield a 6.1 cap. All tenants are month-to-month. One building has had a new roof and AC units in the last 5 years. The other building had a new AC and roof in 2005. All units have updated interiors. The 4-plex has all 2 bed 1 bath units approximately 900 plus square feet. The 3-plex has 2 2 bed 1 bath units approximately 800 plus square feet and 1 3 bedroom 2 bath unit approximately 1600 plus square feet. The units do not have in-unit laundry. Laundry area is communal.
Location
State CA
County Placer
Area 12301
Direction From the Maple St. exit, continue down Auburn Folsom, right on Racetrack, right at stop sign on to Dorer. Stay left to the end. Both buildings are on the left-hand side.
Rooms
Basement Storage Area
Interior
Heating Central
Cooling Central
Flooring Carpet, Laminate, Linoleum
Window Features Dual Pane Partial
Appliance Free Standing Refrigerator, Gas Water Heater, Dishwasher, Disposal, Free Standing Electric Range
Laundry Coin Operated, In Common Area
Exterior
Parking Features Open, Uncovered
Utilities Available Natural Gas Connected, Cable Connected, City, DSL Available, Electric, Internet Available
Water Access Desc Public
Roof Type Composition
Porch Balcony/Deck, Covered Deck, Covered Patio
Total Parking Spaces 20
Building
Lot Description Auto Sprinkler F&R, Cul-De-Sac, Landscape Front
Story 2
Foundation ConcretePerimeter
Sewer Public Sewer
Water Public
Level or Stories MultiSplit
Schools
Elementary Schools Auburn Union
Middle Schools Auburn Union
High Schools Placer Union High
School District Placer
Others
Senior Community No
Tax ID 004-100-019-000
Special Listing Condition Offer As Is
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