109 Lincoln Way
Auburn, CA 95603

The improvements were built in 1963 and are comprised of 16-units in four buildings. All of the units have been remodeled under current ownership. The property is oriented mid-block on four contiguous parcels totaling 0.80 acres in Auburn, CA. The unit mixes are two bedrooms one bathroom models. The two-story wood frame stucco multi-family building has an average unit size of 850-900 square feet. Current rents range from $1,050 to $1,250 with one vacant unit asking $1,295. These units are in average condition, with continual upkeep. There is a stand alone coin operated laundry room. The Auburn rental market is one of the strongest in the area. Residents love the small town charms, easy access to Roseville and Sacramento, good schools, outdoor lifestyle complete with multiple rivers and lakes, and life above the smog of the valley. Like most of the Sacramento Valley, Auburn enjoys very tight vacancy, and new or any vacant units are rented within a few days without much effort by management. The demographics of the city are strong and continue to improve as more people look to live within easy commuting distance of Roseville and Sacramento, but still want the small town amenities and sense of community that Auburn offers. Christopher Canyon Apartments represents a value-add opportunity for an investor to step into a well-maintained property and to raise rents.