6687 Blue Heron Dr - Apartments FOR SALE


Upper Lake, CA 95485
$3,550,000 USD
707-621-4265
6687 Blue Heron Dr, Upper Lake, CA for Sale
$3,550,000 USD
Apartments - FOR SALE
1/6
null | 5.83% Cap Rate

6687 Blue Heron Dr
Upper Lake, CA 95485


HIGHLIGHTS

  • Attractive 25 Unit Apartment Complex in Upper Lake, CA
  • 5 Separate Buildings- 21 Two BR Townhomes & 4 One BR Flats
  • Common Area To Enjoy BBQ's PLUS Across the Street from the Shoreline of Clear Lake for Additional Recreation

OVERVIEW

Owner has Beautifully maintained Blue Heron Gardens--continuously upgrading during his 25 years of operation. Each of the 25 Units have their own carport w plenty of additional parking. There are 5 buildings on 5 separate legal lots each with their own private balcony-- 3 Fourplexes, one 5 Unit, & one 8 Unit bldg. An added "perk" (in addition to being a quality investment)is that it's in Lake County, CA--known to be an "outdoor paradise." For an investor from out of town, site visits would be something to look forward to! Across the street is the beautiful Clear Lake at over 68 square miles, which is CA's largest freshwater Lake. (Tahoe's larger but shared by NV). Nearby, residents and visitors can enjoy PICTURESQUE views, excellent restaurants, & plentiful parks & trails along with camping, boating, skiing, swimming & kayaking. Clear Lake is known as "The Bass Capital of the West," where famous fishing contests are held frequently. Water birds are plentiful-- including egrets, swans, BLUE HERONS, & pelicans. Bordering Napa County, Lake County is known for vineyards too--with over 9,000 acres planted, and over 30 "world class wineries" to visit. Upper Lake in Lake County is just 30 miles East of Ukiah in Mendocino County, 75 Northeast of Santa Rosa in Sonoma County, 75 miles North of Napa, and 125 miles North of San Francisco & Sacramento.

FOR SALE DETAILS

PRICE

$3,550,000 USD

PRICE/SF

$182 USD /SF

# OF UNITS

25

PRICE/UNIT

$142,000

CAP RATE

5.83%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Blue Heron Gardens

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1992

PARKING SPACES

50

LAND DETAILS

LAND ACRES

0.08 AC

LAND SF

3,485 SF

ZONING

R3

APN/PARCEL ID

031-291-050-000

ASK ABOUT THIS PROPERTY

Lynn McNamaraLuxe Places International RealtyMore Info
707-621-4265

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Lynn McNamaraLuxe Places International RealtyMore Info
707-621-4265

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.