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Listed by James Magliulo • Country Air Properties
$ 1,150,000
Est. payment | /mo
200 Beds
2 Baths
10,144 SqFt
$ 1,150,000
Est. payment | /mo
200 Beds
2 Baths
10,144 SqFt
Key Details
Property Type Multi-Family
Sub Type 5 or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 10,144 sqft
Price per Sqft $113
MLS Listing ID 324081053
Bedrooms 200
Construction Status Varies by Unit
HOA Y/N No
Year Built 1972
Lot Size 0.470 Acres
Property Sub-Type 5 or More 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
Area Lake County
Zoning R3
Interior
Heating Central
Cooling Central
Exterior
Parking Features Open, Uncovered
Garage Spaces 16.0
Roof Type Composition
Building
Sewer Public Sewer
Water Public
Construction Status Varies by Unit
Others
Special Listing Condition None
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Jolene Cortright
Partner | Lic# 1469046