15 Royale Ave - Apartments FOR SALE


Lakeport, CA 95453
$1,200,000 USD
707-263-5729
15 Royale Ave, Lakeport, CA for Sale
$1,200,000 USD
Apartments - FOR SALE
1/21
null | 6.3% Cap Rate

15 Royale Ave
Lakeport, CA 95453


HIGHLIGHTS

  • Walking distance to stores, shops, restaurants and fabulous Clear Lake
  • Steady 90% occupancy rate.
  • 5.5% CAP Rate

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$118 USD /SF

# OF UNITS

12

PRICE/UNIT

$100,000

CAP RATE

6.3%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1972

PARKING SPACES

16

LAND DETAILS

LAND ACRES

0.45 AC

LAND SF

19,602 SF

ZONING

R3

APN/PARCEL ID

025-611-370-000

ASK ABOUT THIS PROPERTY

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707-263-5729

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Jim MagliuloCountry Air CommercialMore Info
707-263-5729

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