Listing Notes
This spacious multifamily property, owned by the City of Auburn and being sold as-is, offers exceptional potential for investors, developers, or buyers seeking an income-producing property with redevelopment possibilities. Situated within the City's R2 zoning district gives an investor options for different development opportunities. The structure is currently classified as a converted apartment-style property with multiple residential units, presenting a range of future possibilities subject to City approvals and zoning requirements. All uses for this property must go through the proper permitting and variance process through the City of Auburn. Conveniently located near Auburn amenities, schools, shopping, and restaurants, this property offers strong potential for renovation, redevelopment, or long-term investment. Buyers are encouraged to perform all due diligence regarding zoning, permitted uses, code requirements, and property condition with the City of Auburn. The buyer is responsible for survey, title, tax search, and transfer tax. All offers must use the attached purchase offer form. Hold harmless agreements. The property is being strictly sold in "as is" condition.
Price in context
Cheaper than 42% of the 12 homes listed nearby right now, which run $29,900 to $69,900.
See all 12 nearby listings
| Address | Asking | Size |
|---|---|---|
| 45 Seminary St | $29,900 | 2 bd · 1 ba |
| 10 Nelson St | $35,000 | 4 bd · 4 ba |
| 212 Dunning Ave | $37,500 | — |
| 78 Owasco St | $39,900 | 8 bd · 4 ba |
| 20 Venice St | $42,500 | 3 bd · 1 ba |
| L40 2 2nd Ave | $45,000 | — |
| 197 Perrine Ave | $49,000 | — |
| 18 Baker Ave | $49,900 | Studio |
| 40 Vitale Dr | $49,950 | — |
| 22 Miller St | $55,000 | 3 bd · 1 ba |
| 58 Orchard St | $65,000 | 5 bd · 2 ba |
| 31 Arterial W | $69,900 | Studio |
Where it is
For sale Coming soon Recently sold— zoom out for more