Courtesy of: April Noessel | Allison James Estates & Homes
Purchase Type: Sale
MLS ID: 221025029
Year Build: 1930
Square Footage: 5,663 Sq ft
Lot size: 0.13
Property Type: Residential Income
New Construction: No
Swimming Pool: No
School District: Placer
Address: 300 Cherry Avenue
Property Taxes: $0
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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