Skip To Content

300 Cherry Avenue

Auburn, CA 95603
  • $644,900
  • STATUS: Active
  • ON SITE: 122 days
  • MLS #: 221025029
UPDATED: 59 min ago
$644,900
  • 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!

Monthly Payment Calculator



© 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 2021-07-26T18:42:30.883. MetroList® MLS Terms of Use. IDX provided by BoomTown.
www.themacdonaldgroup.com/homes/115481933
Print Image

300 Cherry Avenue Auburn, CA 95603

  • Price: $644,900
  • Status: Active
  • Updated: 59 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 0 Unit1 Full Baths 0 Unit1 Partial Baths 0 Unit1 Rent 0 Unit1 Rooms 0 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 990 Unit3 Rooms 0 Unit3 Type Apartment Unit4 Approx Sq Ft 0 Unit4 Bedrooms 1 Unit4 Full Baths 1 Unit4 Partial Baths 0 Unit4 Rent 1200 Unit4 Rooms 0

Property Features

1 Bedroom Annual Occupancy 0 1 Bedroom Rent Range 990-1200 2 Bedroom Annual Occupancy 0 2 Bedroom Rent Range 1460 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 2021-07-26T18:42:30.883. MetroList® MLS Terms of Use. IDX provided by BoomTown.
 
https://bt-photos.global.ssl.fastly.net/sacramento/1280_boomver_4_221025029-2.jpg https://bt-photos.global.ssl.fastly.net/sacramento/1280_boomver_4_221025029-2.jpg https://bt-photos.global.ssl.fastly.net/sacramento/1280_boomver_4_221025029-2.jpg
Logo
The MacDonald Group at PMZ Real Estate
1200 E. Orangeburg Ave Suite #202
Modesto CA, 95350