Multi-Family Space For Lease @ 160 E Placer St

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. This space offers accomodations for: lowrisegarden.