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Buildings By Owner | Buy, Sell & Lease Commercial Real Estate. Privately.
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Home For Sale California Auburn 775
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Apartment Building For Sale By Owner

4895ft² - 8 Unit Apartment Building For Sale




Placer Hills Rd & Interstate 80, Auburn, California 95603 United States
Description

I am interested in selling my 8 unit apartment building. Property pays all it\'s bills, and owner, and maintenance. Property has been upgraded extensively throughout. Majority of deferred maintenance has been completed. 12% cap rate on this property. Good return on investment and excellent tax benefits. Low property owner involvement on this one. Owner could live in part and rent remainder out. I am selling because I went through a divource and am trying to reduce number of properties in my portfolio.

Lenders will only lend 75% LTV so you will need to have some equity in the deal if you want to buy it. Please be realistic with the financial requirements in order to buy a commercial property. I am underwater on the loan so I can not provide seller financing. I will have to pay loan down in escrow.

I AM NOT INTERESTED IN A SALE/LEASEBACK ARRANGEMENT. THERE IS NO WAY TO MITIGATE ALL RISKS TO BUYER AND SELLER.




Price: $399,000
Property Sub-Type: Apartment Building
No of Units: 8
Total Building Size: 4895 SF
Listing ID: 775

Map of: Placer Hills Rd & Interstate 80, Auburn, California 95603 United States

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