200 Pne St Auburn, CA 95603-4708

This exceptional 8-unit apartment building presents a compelling investment opportunity in the thriving city of Auburn, CA. Boasting a 5.42% cap rate and a pro-forma cap rate of 5.65%, this stabilized property offers strong potential for immediate returns and future growth. The property comprises two, two-story buildings totaling 7,650 square feet, situated on a 0.4-acre lot with ample parking (14 spaces). Built in 1984 and extensively renovated in 2024, the property currently enjoys 100% occupancy, generating a net operating income (NOI) of $121,982, with a pro-forma NOI of $127,076. The property is zoned R and features a desirable location just off I-80, providing easy access to major transportation routes and nearby amenities, including numerous national retailers and Auburn's vibrant downtown area. Over $320,000 in capital improvements have been made. The strong local market, with a vacancy rate near 2%, and a significant influx of residents, creates a favorable environment for rent increases and long-term appreciation. This is a rare opportunity to acquire a well-maintained, high-performing multifamily asset in a rapidly growing market. The property's location in Auburn, known for its high median home prices exceeding $600,000, creates a substantial gap between the cost to own and the cost to rent, further enhancing its investment appeal. The Placer County Assessor's Parcel Number (APN) is 002-092-045-000.