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902 S Forbes Street

Lakeport, CA 95453
  • $1,949,000
  • STATUS: Active Under Contract
  • ON SITE: 42 Days
  • ID#: 322031527
Under Contract
UPDATED: 61 min ago
$1,949,000
  • 0
    BEDS
  • 0.51
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1988
County:
Area:

School Ratings & Info

Description

15 Unit multifamily apartment complex in desirable Lakeport location. The building offers varied unit mix comprised of 4- 3BD 1BA, 2- 1BD 1BA, 9-2BD 1.5BA. Units are individually metered for propane and electricity, paid by tenants. All units occupied with several long term tenants. Property is situated on a acre parcel with ample parking options consisting of 15 covered assigned undercover spaces, plus additional 17 uncovered assigned spaces. The property has been under the current ownership for 15 years, and has been maintained and personally managed during this time. Conveniently located and within walking distance to grocery stores, pharmacy, restaurants, downtown area and a stones through to the lake. Lakeport has experienced strong rent growth in the last few years while vacancies remain at a historic low. Perfect for a 1031 exchange buyer looking to grow their portfolio or for an investor looking for a solid investment property.

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© 2022 Bay Area Real Estate Information Services, Inc. All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Rapisarda Real Estate. Data last updated: 2022-05-21T20:56:57.757.
www.raphomes.com/homes/127549643
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902 S Forbes Street Lakeport, CA 95453

  • Price: $1,949,000
  • Status: Active Under Contract
  • On Site: 42 Days
  • Updated: 61 min ago
  • ID#: 322031527
0
Beds
0
Baths
0
½ Baths
0.51
Acres
1988
Built
Neighborhood:
Lake County
County:
Lake
Area:
Lake County
Property Description
15 Unit multifamily apartment complex in desirable Lakeport location. The building offers varied unit mix comprised of 4- 3BD 1BA, 2- 1BD 1BA, 9-2BD 1.5BA. Units are individually metered for propane and electricity, paid by tenants. All units occupied with several long term tenants. Property is situated on a acre parcel with ample parking options consisting of 15 covered assigned undercover spaces, plus additional 17 uncovered assigned spaces. The property has been under the current ownership for 15 years, and has been maintained and personally managed during this time. Conveniently located and within walking distance to grocery stores, pharmacy, restaurants, downtown area and a stones through to the lake. Lakeport has experienced strong rent growth in the last few years while vacancies remain at a historic low. Perfect for a 1031 exchange buyer looking to grow their portfolio or for an investor looking for a solid investment property.
Exterior Features

Architectural Style Traditional Carport Spaces 0 Covered Spaces 15 Foundation Details Slab Independent Parking Spaces 0 Lot Features Cul-De-Sac Open Parking Spaces 15 Parking Features CarportCoveredOpen Parking Total 32 Roof Flat Tandem Parking Spaces 0

Interior Features

1 Bedroom Units Total 2 2 Bedroom Units Total 9 3 Bedroom Units Total 4 4 Bedroom Units Total 0 Appliances Free Standing Electric Range Commercial Units Total 0 Cooling CentralSeparate Flooring CarpetLinoleumVinyl Heating Central Laundry Features Coin OperatedIn Common Area Studio Units Total 0

Property Features

Association Fee 0 Association YN No Auction No Availability Date 1800-01-01T00:00:00 Buyer Financing Other Gross Income 194013 Property Sub Type 5 Or More Units Property Type Residentialincome Security Features Carbon Mon DetectorSmoke Detector Separate Meters ElectricityOther Sewer Sewer Connected Subtype Description Apartments Tenant Pays ElectricityOther Utilities Cable AvailableInternet Available Water Source Water District

Listing information © 2022 Bay Area Real Estate Information Services.
Listing courtesy of Denise Marino of Re/Max Gold Lake County.


© 2022 Bay Area Real Estate Information Services, Inc. All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Rapisarda Real Estate. Data last updated: 2022-05-21T20:56:57.757.
 
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785 Alamo Drive, Suite 120
Vacaville CA, 95688