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Listed by James Magliulo • Country Air Properties
$1,250,000
Est. payment /mo
10,144 SqFt
Price Dropped by $25K
15 Royale Avenue Lakeport, CA 95453
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UPDATED:
01/13/2025 05:50 AM
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 10,144 sqft
Price per Sqft $123
MLS Listing ID LC-24210045
Year Built 1972
Lot Size 0.470 Acres
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 Central
Cooling Central Air
Laundry None
Exterior
Parking Features On Site, Uncovered, Asphalt
Pool None
Community Features Biking, Dog Park, Fishing, Foothills, Golf, Hiking, Lake, Park, Watersports
Utilities Available Water Connected, Electricity Connected
Building
Lot Description Level, Near Public Transit, 0-1 Unit/Acre
Sewer Public Sewer