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.
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2BEDS
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N/AACRES
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1BATHS
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01/2 BATHS
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840SQFT
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$226$/SQFT
School Information
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.
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