$869,500

Multi Family (2 4 Units)

  • Updated: July 1
  • MLS#226083309

About the Property

Unlock the potential of this rare income-producing property featuring a triplex on two acres, tucked away in a peaceful, private setting just minutes from town. Whether you’re looking to expand your investment portfolio, offset your mortgage by living in one home while renting the others, or create a multi-generational living opportunity, this property offers exceptional flexibility. The property
Unlock the potential of this rare income-producing property featuring a triplex on two acres, tucked away in a peaceful, private setting just minutes from town. Whether you’re looking to expand your investment portfolio, offset your mortgage by living in one home while renting the others, or create a multi-generational living opportunity, this property offers exceptional flexibility. The property has a proven history of consistent rental income and includes: 105 Covey Road - A charming 1-bedroom, 1-bath home currently generating $1,800 per month. 111 Covey Road - A 2-bedroom, 1-bath home with projected rental income of $2,175 per month, currently vacant and ready for a new tenant or owner occupancy. 115 Covey Road - A spacious 3-bedroom, 2-bath home currently leased for $2,500 per month. All three residences are in good condition, offering immediate income potential with minimal upfront work. The current rental configuration produces strong cash flow while still providing the flexibility to occupy the vacant home yourself, making it an ideal opportunity for both investors and owner-occupants. Properties like this are difficult to find with a private setting, multiple income streams, and the versatility to fit a variety of investment strategies. Whether you’re seeking dependable passive income or a property that helps pay for itself, this is an opportunity you won’t want to miss.
  • Property type

    Apartment

  • Year built

    1963

Explore the Area

111 Covey Road, Auburn, CA 95603, California, United States View on Google Maps
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Eric Hatch

Joined 11 years ago
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Eric Hatch
California, United States
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15
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2017
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CENTURY 21 Cornerstone Realty
CENTURY 21 Cornerstone Realty
10063 Combie Road, 95602, Auburn, California, United States
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CENTURY 21 Cornerstone Realty has four offices serving western Nevada County and various parts of Placer and Yuba C
CENTURY 21 Cornerstone Realty has four offices serving western Nevada County and various parts of Placer and Yuba Counties. As a part of one of the top ten CENTURY 21 companies in the U. S. our professional staff has access to the most up-to-date marketing tools in the industry. We take pride here at our North Auburn office for our many years of professional service to the Placer and Nevada County area. We are conveniently located near the entrance to the exclusive Lake of the Pines subdivision. We have ready access to all areas of both Auburn and Nevada County specializing in a variety of properties ranging from lakefront homes to large rural properties.

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Last updated
July 1
First listed
Jul 1
Listing reference
15C50F51-A360-4079-BBA0-B1F978568402
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