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902 S Forbes Street, Lakeport, CA 95453

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Listing Type
single family
Listing Status
contingent
Explore Lakeport, CA
31
Overview
Features
Commute
Transportation
Market Statistics
Neighborhood
Similar Homes
Similar Home Values
$1,949,000

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Home Details for 902 S Forbes Street

Price
$1,949,000
Type
single family
Year Build
1988
Sq. Ft.
-
Lot Size
0.5100
County
Lake
MLS Listing#
322031527
On exitrealty.com
85 days

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.

Property Features

$1,949,000

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