Address: |
view address Upper Lake, CA 95485 Map Location |
Features: | Balcony, Multi-level |
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Square Feet: | 20,500 sq.ft. | Lot Size: | 1.50 acres |
Year Built: | 1992 | Property Type: | Apartment |
County: | Lake | List Date: | 2024-04-06 |
Listing Number: | LC24063279 | Listed By: | Luxe Places International Realty |
Listing Office: | 707-621-4265 | Days on market: | 27 |
Owner has Beautifully maintained Blue Heron Gardens with excellent on-site management--continuously upgrading during his 25 years of operation. There are many long-term tenants, plus an historically low vacancy and turnover rate. Tenants appreciate having a coin operated laundry room on-site, and a large park-like exterior common area that includes picnic tables and BBQ. There are 21 2BR 1.5 Bath two-story Townhouses, and 4 1BR 1 Bath flats--with the upstairs featuring private exterior balconies. Each of the 25 Units have their own carport with plenty of additional parking. There are 5 buildings on 5 separate legal lots set up as 3 Fourplexes, one 5 Unit, & one 8 Unit bldg. "Actual" Cap Rate of +-5.5 includes "Actual Rents" with June 1, 2024 rent increases. An added "perk" (in addition to being a quality investment) is that Blue Heron Gardens is located 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 and expansive Clear Lake with over 68 square miles--which is CA's largest freshwater Lake. (Tahoe's larger but shared by NV). There are PICTURESQUE views, excellent restaurants, plentiful parks, and walking and hiking trails to enjoy--plus activities to watch or participate in such as camping, fishing, boating, skiing, swimming & kayaking. It is said that Clear Lake is "one of the top spots in the U.S. for fishing." It is also known as "The Bass Capital of the West," and has famous highly competitive local and national fishing tournaments held often--in fact, 93 remain to be held this year (per CA Fish & Wildlife). Water birds are plentiful too--including egrets, swans, BLUE HERONS, & pelicans plus Eagles are commonly seen. Bordering Napa County, Lake County is known for vineyards also--with over 9,000 acres planted, & over 30 "world class wineries" to visit. Upper Lake is just 30 miles East of Ukiah, 75 miles North of Santa Rosa & Napa, and 125 miles North of San Francisco and Sacramento.
Carpet: | Yes | Heat Pump: | Yes |
Laminate Flooring: | Yes | Range: | Yes |
Refrigerator: | Yes | Smoke Alarm: | Yes |
Tile Flooring: | Yes |
Balcony: | Yes | Carport: | Yes |
Composition Roof: | Yes | Detached Parking: | Yes |
Parking Spaces: | 50.00 | Slab Foundation: | Yes |
Two Car Carport: | Yes | Wood Exterior: | Yes |
Level Lot: | Yes | Lot Acres: | 1.50 |
Lot On Private Road: | Yes | Lot Sqft: | 65,340.00 |
Public Sewer: | Yes | Public Water: | Yes |
Transaction Type: | Sale | Year Built: | 1992 |
Community information and market data Powered by Onboard Informatics. Copyright ©2024 Onboard Informatics. Information is deemed reliable but not guaranteed.
This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person’s eligibility to attend a school or to use or benefit from other city, town or local services.
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Community information and market data Powered by Onboard Informatics. Copyright ©2024 Onboard Informatics. Information is deemed reliable but not guaranteed.
This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person’s eligibility to attend a school or to use or benefit from other city, town or local services.
|
Community information and market data Powered by Onboard Informatics. Copyright ©2024 Onboard Informatics. Information is deemed reliable but not guaranteed.
This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person’s eligibility to attend a school or to use or benefit from other city, town or local services.