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153 Kenmass Ave
Auburn, CA 95603
Multifamily Property For Sale
·
9 Units
Investment Highlights
- Value Add | Proforma 8.22%
- Large Lot
- Quality Location in Auburn
Executive Summary
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.
Property Facts
| Price Per Unit | $201,514 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.66 AC |
| Cap Rate | 5.70% | Building Size | 4,246 SF |
| Gross Rent Multiplier | 9.79 | No. Stories | 2 |
| No. Units | 9 | Year Built | 1933 |
| Property Type | Multifamily | Parking Ratio | 0.47/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise |
| Price Per Unit | $201,514 CAD |
| Sale Type | Investment |
| Cap Rate | 5.70% |
| Gross Rent Multiplier | 9.79 |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.66 AC |
| Building Size | 4,246 SF |
| No. Stories | 2 |
| Year Built | 1933 |
| Parking Ratio | 0.47/1,000 SF |
| Opportunity Zone |
Yes |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 7 | - | 450 |
| 1+1 | 2 | - | 450 |
Property Taxes
| Parcel Number | 002-092-040 | Improvements Assessment | $1,165,524 CAD |
| Land Assessment | $362,866 CAD | Total Assessment | $1,528,389 CAD |
Property Taxes
Parcel Number
002-092-040
Land Assessment
$362,866 CAD
Improvements Assessment
$1,165,524 CAD
Total Assessment
$1,528,389 CAD
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