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    902 S Forbes

    Lakeport, CA 95453
    • $2,450,000
    • STATUS: Active
    • ON SITE: 23 days
    • ID#: 321029614
    $2,450,000
    • 15
      BEDS
    • 0.51
      ACRES
    • 3
      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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    © 2021 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 Golden Gate Sotheby's International Realty. Data last updated: 2021-05-17T23:57:04.813.
    www.jasonknowsmarin.com/homes/116447891
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    902 S Forbes Lakeport, CA 95453

    • Price: $2,450,000
    • Status: Active
    • ID#: 321029614
    15
    Beds
    3
    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 1/1/1800 12:00:00 AM Gross Income 202950 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 © 2021 Bay Area Real Estate Information Services.
    Listing courtesy of Denise Marino of Re/Max Gold Lake County.


    © 2021 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 Golden Gate Sotheby's International Realty. Data last updated: 2021-05-17T23:57:04.813.
     
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