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Justin Johnson

justin@j2regroup.com +1(916) 380-0565

$ 215,000

Est. payment -/mo

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3521 Town CT #3 Auburn, CA 95602

2 Beds

1 Bath

922 SqFt

UPDATED:

Key Details

Property Type Condo

Sub Type Condominium

Listing Status Active

Purchase Type For Sale

Square Footage 922 sqft

Price per Sqft $233

MLS Listing ID 226094244

Bedrooms 2

Full Baths 1

HOA Fees $297/mo

HOA Y/N Yes

Year Built 1971

Property Sub-Type Condominium

Source MLS Metrolist

Property Description

$215,000 CURRENT RENT $1,850/MO. 10.3% GROSS RENTAL YIELD APPROVED FOR FINANCING FOR ELIGIBLE BUYERS. Established rental income in Auburn! Priced at $215,000 with a tenant paying $1,850/month and a seven-year established tenant history, this condo generates approximately $22,200 in annual rental income and offers a 10.3% gross rental yield based on the asking price. An appealing opportunity for investors, first-time buyers, or anyone seeking affordable Auburn living with rental income. IMPORTANT COMMUNITY DISTINCTION: Auburn Greens consists of two separately operated HOAs. This property is located in Auburn Greens HOA #1, with current dues of approximately $297/month. Most Auburn Greens properties currently offered for sale are in separate HOA #2. The associations may differ in dues, financials, assessment history, and governing documents. Buyers are encouraged to compare HOA information specific to each property. INVESTMENT SNAPSHOT: Current rent $1,850/month Gross annual rent $22,200 HOA dues $297/month Current property taxes approx. $1,032/year Estimated taxes at purchase approx. $2,500/year* Insurance approx. $1,200/year Estimated cap rate approx. 7%, based on estimated taxes at purchase and before vacancy, maintenance, and repairs. HOA is responsible for walls out maintenance. PROPERTY HIGHLIGHTS: Updated in 2017 with new windows, modern flooring, fresh paint, updated cabinetry and countertops, new interior doors and appliances, plus refreshed electrical and plumbing fixtures. Enjoy two assigned parking spaces-one covered/enclosed with a garage door and one uncovered-plus three private storage closets. PRIME LOCATION: Minutes from Target, Home Depot, restaurants, the hospital, and public transit, and approximately 10 minutes from historic Downtown Auburn. Nearby Auburn Regional Park offers disc golf, pickleball, ball fields, basketball courts, BBQ areas, and playgrounds. Auburn Greens offers accessible housing, consistent rental demand, and an appealing low-maintenance option for investors and owner-occupants alike. Ready to explore the opportunity? Schedule your viewing today and see how this established Auburn property may fit your goals! *Property taxes are subject to reassessment upon change of ownership. Rental and financial information provided by seller. Buyer to independently verify rental income, lease, expenses, HOA information, taxes, insurance, financing eligibility, projections, and all other property information.

Location

State CA

County Placer

Area 12301

Direction Take HWY 49 North past Bell Road to Left on Quartz, Left on Town Ct to address on right. Unit 3 is on right side of building.

Rooms

Guest Accommodations No

Living Room Other

Dining Room Space in Kitchen

Kitchen Pantry Closet, Stone Counter, Kitchen/Family Combo, Laminate Counter

Interior

Heating Central, Natural Gas

Cooling Ceiling Fan(s), Central

Flooring Carpet, Simulated Wood, Laminate, Wood

Window Features Dual Pane Full,Window Coverings

Appliance Free Standing Gas Range, Free Standing Refrigerator, Hood Over Range, Dishwasher, Disposal, Microwave

Laundry Hookups Only, See Remarks

Exterior

Parking Features Attached, Garage Door Opener, Garage Facing Rear

Garage Spaces 1.0

Pool Built-In, Common Facility, Fenced, Gunite Construction

Utilities Available Public, Electric, Sewer In & Connected, Internet Available, Natural Gas Connected

Amenities Available Pool, Laundry Free

Roof Type Composition

Topography Level

Street Surface Paved

Porch Front Porch

Private Pool Yes

Building

Lot Description Street Lights, Landscape Front

Story 2

Unit Location Ground Floor,Other

Foundation Slab

Sewer Public Sewer

Water Public, See Remarks

Architectural Style Traditional

Level or Stories Two

Schools

Elementary Schools Auburn Union

Middle Schools Auburn Union

High Schools Placer Union High

School District Placer

Others

HOA Fee Include MaintenanceExterior, MaintenanceGrounds, Trash, Pool

Senior Community No

Tax ID 051-250-030-530

Special Listing Condition None

Listed by eXp Realty of California Inc

Justin Johnson

Broker License ID: DRE 01833715

+1(916) 380-0565

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Justin Johnson

3521 Town CT #3 Auburn, CA 95602

Key Details

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Rooms

Interior

Exterior

Building

Schools

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3521 Town CT #3