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    300 Cherry Avenue

    Auburn, CA 95603
    • $649,000
    • STATUS: Active
    • ON SITE: 20 days
    • MLS #: 221025029
    UPDATED: 15 min ago
    $649,000
    • 0
      BEDS
    • 0.13
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1930
    County:
    Area:

    School Information

    Elementary School:
    Middle School:
    High School:
    School District:

    Description

    Here is a great opportunity located in the heart of downtown Auburn, bustling with history, great shops, galleries, and restaurants. In a bit cooler climate, this property and location are highly desirable. This triplex has one 2 bd/2 bath, and two 1 bd/1 bath units that produces $3,150 monthly income. Currently rented under market value with long term tenants in all units, 5% CAP rate or 6% one year pro-forma. Owner financing preferred with 35% down. With some cosmetic updating and landscaping this investment has unlimited POTENTIAL!

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    © 2021 MetroList® MLS. All rights reserved. All measurements and all calculations of area are approximate. Information provided by Seller/Other sources, not verified by Broker. All interested persons should independently verify accuracy of information. Provided properties may or may not be listed by the office/agent presenting the information. Data last updated 2021-04-15T20:39:06.397. MetroList® MLS Terms of Use. IDX provided by BoomTown.
    www.heidiphonghomes.com/homes/115481933
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    300 Cherry Avenue Auburn, CA 95603

    • Price: $649,000
    • Status: Active
    • Updated: 15 min ago
    • MLS #: 221025029
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.13
    Acres
    1930
    Built
    Neighborhood:
    Auburn
    County:
    Placer
    Area:
    Auburn
    Elementary School:
    Western Placer
    Middle School:
    Placer Hills Union
    High School:
    Placer Union High
    School District:
    Placer
    Property Description
    Here is a great opportunity located in the heart of downtown Auburn, bustling with history, great shops, galleries, and restaurants. In a bit cooler climate, this property and location are highly desirable. This triplex has one 2 bd/2 bath, and two 1 bd/1 bath units that produces $3,150 monthly income. Currently rented under market value with long term tenants in all units, 5% CAP rate or 6% one year pro-forma. Owner financing preferred with 35% down. With some cosmetic updating and landscaping this investment has unlimited POTENTIAL!
    Exterior Features

    Architectural Style Victorian Carport Spaces 0 Construction Materials WoodWood Siding Covered Spaces 0 Foundation Raised Independent Parking Spaces 0 Lot Features Other Num Of Floors 1 Num Of Guest Spaces 0 Open Parking Spaces 0 Parking Features Other Tandem Parking Spaces 0 Total Parking Spaces 5

    Interior Features

    Cooling Other Flooring Other Heating Other Laundry Features Washer/Dryer Hookups Num Of Rooms 0 Num Of Studio Units 0 Num Of1 Bedroom Units 2 Num Of2 Bedroom Units 1 Num Of3 Bedroom Units 0 Num Of4 Bedroom Units 0 Unit1 Approx Sq Ft 0 Unit1 Bedrooms 2 Unit1 Full Baths 2 Unit1 Partial Baths 0 Unit1 Rent 1350 Unit1 Rooms 2 Unit1 Type Apartment Unit2 Approx Sq Ft 0 Unit2 Bedrooms 1 Unit2 Full Baths 1 Unit2 Partial Baths 0 Unit2 Rent 900 Unit2 Rooms 0 Unit2 Type Apartment Unit3 Approx Sq Ft 0 Unit3 Bedrooms 1 Unit3 Full Baths 1 Unit3 Partial Baths 0 Unit3 Rent 900 Unit3 Rooms 0 Unit3 Type Apartment Unit4 Approx Sq Ft 0 Unit4 Bedrooms 0 Unit4 Full Baths 0 Unit4 Partial Baths 0 Unit4 Rent 0 Unit4 Rooms 0

    Property Features

    1 Bedroom Annual Occupancy 0 2 Bedroom Annual Occupancy 0 3 Bedroom Annual Occupancy 0 4 Bedroom Annual Occupancy 0 Association Fee 0 Association YN No Electric 220 Volts Elevation 0 Income Includes Rent Only Irrigation None Lease Deposit 0 Num Of Commercial Units 0 Operating Expense Includes TrashWater/Sewer Property Subtype Triplex Property Type Residential Income Sewer Public Sewer Special Listing Conditions Offer As Is Studio Annual Occupancy 0 Subtype Description Apartments Utilities Other Water Source Public Zoning Dplex

    Listing provided courtesy of Allison James Estates & Homes. Listing information © 2021 MetroList Services, Inc.


    © 2021 MetroList® MLS. All rights reserved. All measurements and all calculations of area are approximate. Information provided by Seller/Other sources, not verified by Broker. All interested persons should independently verify accuracy of information. Provided properties may or may not be listed by the office/agent presenting the information. Data last updated 2021-04-15T20:39:06.397. MetroList® MLS Terms of Use. IDX provided by BoomTown.
     
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