153 Kenmass Ave - Apartments FOR SALE


Auburn, CA 95603
$1,300,000 USD
916-769-5299
153 Kenmass Ave, Auburn, CA for Sale
$1,300,000 USD
Apartments - FOR SALE
1/9
null | 5.7% Cap Rate

153 Kenmass Ave
Auburn, CA 95603


HIGHLIGHTS

  • Value Add | Proforma 8.22%
  • Quality Location in Auburn
  • Large Lot

OVERVIEW

This well-maintained multifamily property presents an excellent opportunity to acquire a stabilized nine-unit investment in Auburn. Comprised primarily of studio units, along with two one-bedroom units averaging approximately 472 square feet, the property offers stable in-place income with additional upside through future rent growth. With recent property improvements, strong tenant demand, and a desirable unit mix, this asset is well-positioned for both first-time and experienced multifamily investors.

FOR SALE DETAILS

PRICE

$1,300,000 USD

PRICE/SF

$306 USD /SF

# OF UNITS

9

PRICE/UNIT

$144,444

CAP RATE

5.7%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1933

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.66 AC

LAND SF

28,715 SF

ZONING

-

APN/PARCEL ID

002-092-040

ASK ABOUT THIS PROPERTY

Elon HarmonCorcoran Icon PropertiesMore Info
916-769-5299

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Elon HarmonCorcoran Icon PropertiesMore Info
916-769-5299

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.