111 Covey Road, Auburn, CA

$745,500

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3

Beds

2

Baths

2,859

Square feet

2.10

Acres

About 111 Covey Road

Unlock the potential of this rare income-producing property featuring a triplex on two acres, tucked away in a peaceful, private setting just minutes from town. Whether you're looking to expand your investment portfolio, offset your mortgage by living in one home while renting the others, or create a multi-generational living opportunity, this property offers exceptional flexibility. The property has a proven history of consistent rental income and includes: 105 Covey Road - A charming 1-bedroom, 1-bath home currently generating $1,800 per month. 111 Covey Road - A 2-bedroom, 1-bath home with projected rental income of $2,175 per month, currently vacant and ready for a new tenant or owner occupancy. 115 Covey Road - A spacious 3-bedroom, 2-bath home currently leased for $2,500 per month. All three residences are in good condition, offering immediate income potential with minimal upfront work. The current rental configuration produces strong cash flow while still providing the flexibility to occupy the vacant home yourself, making it an ideal opportunity for both investors and owner-occupants. Properties like this are difficult to find with a private setting, multiple income streams, and the versatility to fit a variety of investment strategies. Whether you're seeking dependable passive income or a property that helps pay for itself, this is an opportunity you won't want to miss.

Features of 111 Covey Road

MLS® # 226082733
Price $745,500
Bedrooms 3
Bathrooms 2.00
Full Baths 2
Square Footage 2,859
Acres 2.10
Year Built 1963
Type Residential
Sub-Type 3+ Houses on Lot
Style Ranch,Contemporary
Status Active

Community Information

Address 111 Covey Road
Area 12301
City Auburn
County Placer
State CA
Zip Code 95603-3243

Amenities

Utilities Propane Tank Leased
Parking Uncovered Parking Space,Uncovered Parking Spaces 2+
Has Pool No

Interior

Appliances Built-In Electric Range,Free Standing Refrigerator
Heating Central
Cooling Central
Fireplace Yes
# of Fireplaces 1
Fireplaces Family Room
Has Basement No

Exterior

Lot Description Shape Irregular
Roof Composition
Construction Frame,Wood
Foundation Raised, Slab

School Information

District Placer Union High
Elementary Auburn Union
Middle Auburn Union
High Placer Union High

Additional Information

Zoning RES
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeCentury 21 Cornerstone Realty

Listing Map

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