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$1,150,000
Est. payment /mo
5 Beds
2 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID LC24210045
Bedrooms 5
Property Sub-Type Res Income 2-4 Units
Property Description
Lakeport Royale Apartments 15 Royale Ave., Lakeport, Lake County. Seize this lucrative investment opportunity with a 12-unit apartment building in Lakeport. Featuring a mix of 11 desirable 2 bedroom/1 bath and 1 larger 3-bedroom 1 bath units. The building maintains an impressive 90% occupancy rate, with only one unit currently available for showing. Enjoy the convenience of nearby amenities, including grocery stores, shops, restaurants, public transportation, and the stunning Clear Lake within walking distance. Lakeport has witnessed a robust rental market, allowing low vacancies and steady rental demand in recent years. Don't miss out on adding this high-performing asset to your portfolio. Detailed rent roll, income, and expense information are readily available for your review. Make time now to explore this promising Lake County investment opportunity.
Location
State CA
County Lake
Zoning Assessor
Direction S Main to Royale to property
Interior
Heating Baseboard
Cooling Wall/Window
Fireplace No
Exterior
View Y/N No
Roof Type Composition
Building
Story 2
Level or Stories 2
Others
Tax ID 025611370000
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Listed by Philip Smoley Country Air Properties