For more information regarding the value of a property, please contact us for a free consultation.
Key Details
Sold Price $475,500
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID LC16092883
Sold Date 08/31/16
HOA Y/N No
Year Built 1947
Property Description
8 unit LAKEFRONT multi-family income property, resort, or hotel/motel. All units have new roofs and gutters, all have new exterior paint, some have been remodeled inside. All 8 units are currently occupied. This is a terrific opportunity for income, or stay in one unit while fishing all day and live off of the rent of the others. Units 1,3,4,5, and 7 have been completely remodeled. Unit 6 has a new kitchen. Many long-term tenants. This is only about a 2 and a half hour drive from the Bay Area, and could make a great summer place that pays for itself, and then some. This place brings an annual NET income of over $50,000. And, did I mention it's on the lakefront! Slide your boat right in, or fish from the pier. Swim if you like.
Location
State CA
County Lake
Area Lclpn - Lakeport North
Interior
Heating Propane, Wall Furnace
Fireplace No
Exterior
Exterior Feature Boat Slip, Dock, Rain Gutters
Parking Features Asphalt, Driveway, Off Street, Private, RV Potential, One Space, Shared Driveway, Uncovered
Pool None
Community Features Rural, Fishing
Utilities Available Propane, Sewer Connected, Water Connected
Waterfront Description Beach Front,Dock Access,Lake Front,Lake Privileges,Navigable Water,Seawall
View Y/N Yes
View Hills, Lake, Mountain(s), Neighborhood, Panoramic, Pier, Water
Roof Type Composition,Shingle
Total Parking Spaces 10
Private Pool No
Building
Lot Description 6-10 Units/Acre, Back Yard, Front Yard, Level, Near Public Transit, Paved, Street Level
Story One
Entry Level One
Foundation Slab
Water Public
Architectural Style Cottage
Level or Stories One
Others
Tax ID 0291211600
Acceptable Financing Cash, Cash to New Loan, Submit
Listing Terms Cash, Cash to New Loan, Submit
Financing Conventional
Special Listing Condition Standard
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Colleen Henninger • City Center Realty
GET MORE INFORMATION