12 Units built in 1972. Great Cashflow.Just steps from the lake. 11 units are 2bd/1ba and 1 unit is a 3bd/1ba. This is a solid apartment building with excellent numbers. Rents are below market so this has a very stable tenant base. Building has very low operating expenses due to separate PGE and Water meters. Tenants pay all PGE, Water and garbage. Laundry Income appx. $300/mo. On site management 9+ cap rate!
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| Interior Features |
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# of Units: 12
# of Studios: 0
# of 2 Bedrooms: 11
# of 4 Bedrooms: 0
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Square Footage: 10144
# of 1 Bedrooms: 0
# of 3 Bedrooms: 1
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Exterior Features |
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Property Type: Multi Unit 5+
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Lot Size (Sq. Ft.): 19,602 sq. ft.
Acres: 0.450
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Investor Information |
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Monthly Income: 8500
Est. Management: 7740
Est. Misc. Expenses: 0
Est. Utilities Exp.: 4460
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Monthly Expenses: 2618.17
Est. Insurance Exp.: 6736
Est. Maintenance Exp: 3782
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Studio Rent Range: 0
1 Bedroom Rent Range: 0
2 Bedroom Rent Range: $675
3 Bedroom Rent Range: $775
4 Bedroom Rent Range: 0
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# Studios Occupied: 0
#of 1 Bdrms Occupied: 0
#of 2 Bdrms Occupied: 11
#of 3 Bdrms Occupied: 1
#of 4 Bdrms Occupied: 0
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Community Information |
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County: Lake
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School District: Lakeport Basic
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General Information |
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Property Type: Multi Unit 5+
Transaction Type: Sale
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New Construct/Resale: Resale
Status: Active
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MLS #21027832
15 Royale Ave
Lakeport, CA 95453
Listing Price: $725,000
Sorry, Unable to map the location
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Listing information courtesy of: Matt Horner (MLS# B6527) - RE/MAX Central Santa Rosa (MLS# BRRE01)
Listing information current as of: Wed May 23, 2012 19:15:13 PST
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