Multi-Family $ 869,500

111 Covey RD

Auburn, CA 95603

  • 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 Triplex

    Listing Status Active

    Purchase Type For Sale

    Square Footage 2, 859 sqft

    Price per Sqft $304

    MLS Listing ID 226083309

    HOA Y/N No

    Year Built 1963

    Lot Size 2.100 Acres

    Acres 2.1

    Property Sub-Type Triplex

    Source MLS Metrolist

  • Location

    State CA

    County Placer

    Area 12301

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

  • Rooms

    Other Rooms Unit-1 Approx SqFt: 800 Bedrooms: 1 Full Baths: 1 Rent: 1800 SqFt Source: Not Measured Unit-2 Rent: 2175 Unit-3 Rent: 2500

  • Building

    Lot Description Private

    Story 1

    Foundation Raised

    Sewer Septic System

    Water Public

  • Interior

    Heating Central

    Cooling Central

    Flooring Carpet, Linoleum

    Laundry Varies by Unit

  • Exterior

    Parking Features Off Street

    Utilities Available Electric

    Water Access Desc Public

    Roof Type Composition

    Topography Rolling

    Total Parking Spaces 6

  • Schools

    School District Placer

  • Others

    Senior Community No

    Tax ID 053-050-017-000

    Special Listing Condition None

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