160 E Placer St, Auburn, CA 95603

Choose nearby businesses to show on the map:

Building Details:

• Year Built: 1963

160 E Placer St is amulti-family property located in Auburn, CA. The property currently has 1 multi-family space for lease and is marketed by .

The subject property is in one of the most affluent areas of the Sacramento Area and offers an investor the opportunity to acquire an asset in a supply-constrained market that in time will experience increasing rents due to the lack of new construction and the cost to build. What separates this property is its location. Nestled in the foothills of the Sierra Nevada Mountain Range of beautiful California, the property is 1 hour from world-renowned Lake Tahoe and 30 minutes from Sacramento. A short drive to one of the major local retail centers and Auburn State Recreation area provide the necessities, entertainment, and outdoor activities for both families and single professionals alike. The Auburn region is a paradise for outdoor enthusiasts, offering a vast array of recreational activities from fishing and camping to snow skiing and boating. The Snowfest Winter Festival, Old Town Auburn Street Fairs, and Auburn’s Festival of Lights Parade are some of the many special events that add to Auburn’s unique and rich family culture. Auburn gives residents the ability to live close to Roseville, which is Placer Counties' primary job center while still having the ability to enjoy outdoor activities the foothills of the Sierra-Nevada Mountains offer. This prime location in the Auburn School district, one of the top school districts in the five-county region, creates an increased demand for families to live here.

• Available Spaces

Suite	Space Type	Pricing	Size
---	Multi-Family Space	For lease: Negotiable
Excellent opportunity to own a 12 unit multi-family apartment complex uniquely nestled into downtown Auburn, California. The asking price $240 per square foot and proforma up to 12.37% percent cash on cash return represents an outstanding opportunity to acquire a value add property at a price far below replacement cost. Built in 1963 this complex features a stucco and brick exterior, a brand new pitched comp shingle roof, and is situated on a .24 acre parcel. The unit mix consists of (7) 750+\- square foot two-bedroom one-bathroom units and (5) 550 +\- square foot one-bedroom one-bathroom units. The property features a laundry room and onsite and off-street parking. Many of the units have been updated with new tile or laminate floors in the kitchen, bathroom, and living area. Some units have updated oak cabinets. All units feature a refrigerator, stove/range and wall air conditioning. The units are individually metered for gas and electricity (exception unit 11a & 11b master metered) and the owner pays for water, sewer and refuse.  « show less Excellent opportunity to own a 12 unit multi-family apartment complex uniquely nestled into downtown Auburn, California. The asking price $240...  show more » View Details Excellent opportunity to own a 12 unit multi-family apartment complex uniquely nestled into downtown Auburn, California. The asking price $240 per square foot and proforma up to 12.37% percent cash on cash return represents an outstanding opportunity to acquire a value add property at a price far below replacement cost. Built in 1963 this complex features a stucco and brick exterior, a brand new pitched comp shingle roof, and is situated on a .24 acre parcel. The unit mix consists of (7) 750+\- square foot two-bedroom one-bathroom units and (5) 550 +\- square foot one-bedroom one-bathroom units. The property features a laundry room and onsite and off-street parking. Many of the units have been updated with new tile or laminate floors in the kitchen, bathroom, and living area. Some units have updated oak cabinets. All units feature a refrigerator, stove/range and wall air conditioning. The units are individually metered for gas and electricity (exception unit 11a & 11b master metered) and the owner pays for water, sewer and refuse. Pricing: Negotiable Availability: Now Listing ID: 3228081 Save to list