For Sale
$1,275,000

15 Royale AveLakeport, CA 95453

12-Unit Multifamily, High Occupancy

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a 12-unit apartment building located at 15 Royale Ave, Lakeport, CA 95453. The Class B property boasts a strong 90% occupancy rate, with only one vacancy currently available. The building comprises a mix of desirable two and three-bedroom units, catering to a diverse tenant base. Situated in Lake County, this multifamily property benefits from a robust rental market, characterized by low vacancies and consistent demand in recent years. The property's prime location offers convenient access to a range of amenities, including grocery stores, shops, restaurants, and public transportation. The stunning Clear Lake is also within walking distance, enhancing the property's appeal. This asset offers a compelling 5.00% cap rate at an asking price of $1,275,000. Detailed financial information, including a rent roll and income and expense statements, is available upon request. This is a rare opportunity to acquire a high-performing multifamily property in a thriving rental market. Don't miss out on adding this valuable asset to your portfolio. Contact us today to schedule a showing and explore this promising Lake County investment.

Highlights

  • 12-unit apartment building in Lakeport, CA, offering a mix of 2 and 3-bedroom units.
  • Currently boasts a 90% occupancy rate with high rental demand.
  • Excellent location near amenities including shopping, dining, public transit, and Clear Lake.
  • Strong rental market in Lakeport ensures consistent cash flow.
  • Financial details including rent roll, income, and expenses are available upon request.

Property Details for 15 Royale Ave

Property type
Apartment buildings
Class
B
Units
12

Location Insight

City
Lakeport
County
Lake
State
California
Latitude
39.033763962799
Longitude
-122.91371880304
15 Royale Ave, Lakeport, California

FAQs

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15 Royale Ave
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