Multi-Family $ 869,500

111 Covey RD

Auburn, CA 95603

  • 3 Beds
  • 2 Baths
    Full Baths: 2
  • 2,859 SqFt
  • 2.1 Lot Size
  • 1963 Year Built
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.
Listed by Century 21 Cornerstone Realty

PROPERTY DETAIL

  • Key Details

    Property Type Multi-Family

    Sub Type 3+ Houses on Lot

    Listing Status Active

    Purchase Type For Sale

    Square Footage 2, 859 sqft

    Price per Sqft $304

    MLS Listing ID 226082733

    Bedrooms 3

    Full Baths 2

    HOA Y/N No

    Year Built 1963

    Lot Size 2.100 Acres

    Acres 2.1

    Property Sub-Type 3+ Houses on Lot

    Source MLS Metrolist

  • Location

    State CA

    County Placer

    Area 12301

    Direction 80,Bowman Exit,Left On Lincoln Way To Covey To Property.

  • Rooms

    Guest Accommodations Yes

    Living Room Other

    Dining Room Dining/Family Combo, Space in Kitchen

    Kitchen Ceramic Counter

  • Building

    Lot Description Shape Irregular

    Story 1

    Foundation Raised, Slab

    Sewer Septic System

    Water Public

    Architectural Style Ranch, Contemporary

  • Interior

    Heating Central

    Cooling Central

    Flooring Carpet, Linoleum, Vinyl

    Fireplaces Number 1

    Fireplaces Type Family Room

    Appliance Built-In Electric Range, Free Standing Refrigerator

    Laundry Inside Area

  • Exterior

    Parking Features Uncovered Parking Space, Uncovered Parking Spaces 2+

    Utilities Available Propane Tank Leased

    Roof Type Composition

    Topography Rolling

    Street Surface Asphalt

    Private Pool No

  • Schools

    Elementary Schools Auburn Union

    Middle Schools Auburn Union

    High Schools Placer Union High

    School District Placer

  • Others

    Senior Community No

    Tax ID 053-050-017-000

    Special Listing Condition None

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