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Listed by James Magliulo • Country Air Properties
$ 1,150,000
Est. payment | /mo
10,144 SqFt
$ 1,150,000
Est. payment | /mo
10,144 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 10,144 sqft
Price per Sqft $113
MLS Listing ID CRLC24210045
HOA Y/N No
Year Built 1972
Lot Size 0.470 Acres
Property Sub-Type Other
Source Datashare California Regional
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
Interior
Heating Baseboard
Cooling Wall/Window Unit(s)
Fireplace No
Laundry No Hookups
Building
Lot Description Level, Other
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