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Realty Point, Inc.

admin@realtypoint.net +1(916) 936-3930

$869,500

Est. payment - /mo

3 Beds

2 Baths

2,859 SqFt

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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

Property Description

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.

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

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

Building

Lot Description Shape Irregular

Story 1

Foundation Raised, Slab

Sewer Septic System

Water Public

Architectural Style Ranch, Contemporary

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

PoolY/N No

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Listed by Century 21 Cornerstone Realty

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Realty Point, Inc.

+1(916) 936-3930

Real Estate Brokerage | CA DRE#02212763

Real Estate Brokerage CA DRE#02212763

111 Covey RD Auburn, CA 95603

Realty Point, Inc.

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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