15 Royale AveLakeport, CA 95453
- Apartment buildings
Property Details for 15 Royale Ave
- Property type
- Apartment buildings
Description
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.
Location Insight
- City
- Lakeport
- County
- Lake
- State
- California
- Latitude
- 39.0338
- Longitude
- -122.914
Comparable in this City
Similar Nearby for Sale
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