CA > Auburn
Auburn, CA 95602,11670 Garnet WAY #4
Auburn, CA 95602,11670 Garnet WAY #4
Auburn, CA 95602,11670 Garnet WAY #4
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Dennis Velkhovoy

Dennis Velkhovoy

+1(916) 820-7127
$189,499
Est. payment /mo
2 Beds
1 Bath
840 SqFt
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UPDATED:

Key Details

Property Type Condo

Sub Type Condominium

Listing Status Active

Purchase Type For Sale

Square Footage 840 sqft

Price per Sqft $225

MLS Listing ID 225123201

Bedrooms 2

Full Baths 1

HOA Fees $294/mo

HOA Y/N Yes

Year Built 1971

Property Sub-Type Condominium

Source MLS Metrolist

Property Description

Investor Opportunity with Immediate Cash Flow - This is a clean two bed one bath condo in Auburn Greens that already has a solid tenant in place paying $1,640 per month. You earn income from day one. The unit was updated at the last turnover with new flooring, paint, and appliances so you're not stepping into a rehab project. At the $189,499 list price the property performs at about a 7.6 percent cap rate with very low operating costs since the HOA covers exterior maintenance and the property is professionally managed. Net income is roughly $14,844 per year. The tenant is locked in through July 2026 which gives you stability and predictable cash flow. This works well as a simple long term hold or as a 1031 replacement for someone who wants a straightforward rental without headaches. Seller is keeping Huber Property Management on board to make the transition easy. Strong numbers. Low risk. Easy ownership. This is a clean investment play in a tight Auburn market. Submit your offer.

Location

State CA

County Placer

Area 12301

Direction From I-80, take the Bell Road exit and head west. Turn left on Quartz Drive, then right on Garnet Way. Property is located at 11670 Garnet Way #4, Auburn Greens condo complex. Unit is in the rear building park in visitor spaces near building signage.

Rooms

Guest Accommodations No

Master Bedroom Closet

Living Room Deck Attached

Dining Room Dining/Family Combo

Kitchen Granite Counter, Stone Counter

Interior

Heating Central

Cooling Ceiling Fan(s), Central

Flooring Carpet, Linoleum, Tile

Window Features Dual Pane Full

Appliance Dishwasher, Microwave

Laundry See Remarks

Exterior

Exterior Feature Balcony

Parking Features Attached, Covered, Uncovered Parking Spaces 2+

Carport Spaces 1

Pool Common Facility

Utilities Available Electric

Amenities Available Barbeque, Playground, Pool, Dog Park, Recreation Facilities, Greenbelt, Laundry Coin

Roof Type Composition

Street Surface Asphalt

Porch Front Porch

Private Pool Yes

Building

Lot Description Court, Curb(s), Landscape Back, Landscape Front

Story 1

Unit Location Top Floor,Unit Below,Upper Level

Foundation Slab

Sewer Public Sewer

Water Public

Level or Stories One

Schools

Elementary Schools Auburn Union

Middle Schools Auburn Union

High Schools Placer Union High

School District Placer

Others

HOA Fee Include MaintenanceExterior, MaintenanceGrounds, Pool

Senior Community No

Tax ID 051-250-039-540

Special Listing Condition None

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MetroList® Services, Inc
Listed by HPM

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Dennis Velkhovoy

Dennis Velkhovoy

+1(916) 820-7127

Agent | License ID: 02051070

Agent License ID: 02051070

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11670 Garnet WAY #4