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144 Reamer St - Tuttle Mansion

6,365 SF Specialty Building Offered at $1,930,000 at a 5.13% Cap Rate in Auburn, CA 95603

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Investment Highlights

32 Year Anchor Tenant - Visions Salon
Downtown Auburn Location

Historic Charm

Executive Summary

Historic Tuttle Mansion Income Property circa 1870 located in the heart of Downtown Auburn minutes from all types of dining, shopping, and activities. Property has an incredible 32-year upscale salon tenant known as Visions Salon & Spa and 4 fully renovated apartments that have 100 percent occupancy. Offered at a 5.1 CAP rate, this property is ready for the next owner to make it their next highly profitable investment in their portfolio.

144 Reamer Listing Brochure - The Burton Group

Property Details - 144 Reamer St

Financial Summary - 144 Reamer

Financial Summary (Actual - 2023)	Annual	Annual Per SF
Gross Rental Income	$149,136	$23.43
Other Income	-	-
Vacancy Loss	-	-
Effective Gross Income	$149,136	$23.43
Taxes	$25,060	$3.94
Operating Expenses	$25,024	$3.93
Total Expenses	$50,084	$7.87
Net Operating Income	$99,052	$15.56

Financial Summary (Actual - 2023)

Gross Rental Income
Annual	$149,136
Annual Per SF	$23.43

Other Income
Annual	-
Annual Per SF	-

Vacancy Loss
Annual	-
Annual Per SF	-

Effective Gross Income
Annual	$149,136
Annual Per SF	$23.43

Taxes
Annual	$25,060
Annual Per SF	$3.94

Operating Expenses
Annual	$25,024
Annual Per SF	$3.93

Total Expenses
Annual	$50,084
Annual Per SF	$7.87

Net Operating Income
Annual	$99,052
Annual Per SF	$15.56

Property Facts

Price	$1,930,000	Lot Size	0.70 AC
Price Per SF	$303	Building Size	6,365 SF
Sale Type	Investment	No. Stories	2
Cap Rate	5.13%	Year Built	1870
Property Type	Specialty	Parking Ratio	5.66/1,000 SF
Property Subtype	Residential Income General Retail Storefront Retail/Residential Office Office Residential	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Building Class	C

Price	$1,930,000
Price Per SF	$303
Sale Type	Investment
Cap Rate	5.13%
Property Type	Specialty
Property Subtype	Residential Income General Retail Storefront Retail/Residential Office Office Residential
Building Class	C
Lot Size	0.70 AC
Building Size	6,365 SF
No. Stories	2
Year Built	1870
Parking Ratio	5.66/1,000 SF
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.