For Sale
$1,275,000

15 Royale Ave Lakeport, CA 95453

12-Unit Multifamily, High Occupancy

Overview

Added:
Dec 11, 2024
Days on market:
136
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

FAQs

What type of property is this?
Apartment building - 12-Unit Multifamily, High Occupancy
Where is the apartment building located?
The property is located at 15 Royale Ave Lakeport, CA.
What is the asking price?
The asking price for this property is $1,275,000.
What are key features of this property?
This property features: 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.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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15 Royale Ave
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