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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0BEDS
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0.13ACRES
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0BATHS
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01/2 BATHS
School Information
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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