Thank you
Sheryle Mcnamara
Luxe Places International Realty
707-462-1600
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.
Sell a home like this and save $224,501 Find Out How
Water Source : Public
Sewer : Public Sewer
Roof : Composition
Interior Features: Balcony,All Bedrooms Up
Windows: Double Pane Windows
Property Appliances: Free-Standing Range,Refrigerator,Water Heater
Fireplace: None
Flooring: Carpet,Laminate,Tile,Vinyl
Heat Pump
Air Conditioning
Heat Pump
Has Heating
Fireplace Features: None
Has Fireplace: 0
Year Built: 1992
Building Area Total: 20,500
Construction: Wood Siding
Roof: Composition
Slab
Smoke Detector(s)
None
None
Common Area
Lot Dimensions Source: Vendor Enhanced
Lot Size Acres: 1.5
Lot Size Source: Public Records
Lot Size Square Feet: 65340
Original List Price: 3,750,000
Listing Contract Date: 2024-04-05
Listing Agreement: Exclusive Right To Sell
Parcel Number: 031291050
Garage Description: Detached Carport,Paved,One Space
Lease Term: Negotiable
Tenant Pays: Electricity
Source Listing Status: Active
Source Neighborhood: LCUL - Upper Lake
Directions: From Hwy 101 exit E on Hwy 20 to Lake Cnty thru first & 2nd traffic circles, S on Hammond, left (E) on Lakeshore, left (N) on Blue Heron. From I 5 exit W on CA Hwy 20 W, continue on to the exit for Lakeshore Blvd in Upper Lake & N onto Blue Heron
Source Property Type: Residential Income
Area: LCUL - Upper Lake
Property SubType: Apartment
Property Age: 32
Common Walls: 2+ Common Walls
Structure Type: Apartment
Year Built Source: Assessor
Entry Level: 1
Entry Location: 23 Floor - 2 Upstairs
Property Attached: Yes
Levels or Stories: Two
Building Total Stories: 2
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
1205 W State Highway 20, Upper Lake, CA,95485 | $795,000 | 3 | 1 | 1,705 | 2066874 Sqft |
9835 Elk Mountain Road, Upper Lake, CA,95485 | $450,000 | -- | -- | -- | 1119492 Sqft |
1342 Pitney Lane, Upper Lake, CA,95485 | $225,000 | -- | -- | -- | 6534000 Sqft |
10010 Elk Mountain Road, Upper Lake, CA,95485 | $250,000 | -- | -- | -- | 429501.6 Sqft |
10019 Elk Mountain Road, Upper Lake, CA,95485 | $225,000 | -- | -- | -- | 460429.2 Sqft |
2001 Ladder Ridge Rd, Upper Lake, CA,95485 | $2,250,000 | 3 | 2 | 1,364 | 879476.4 Sqft |
9513 Washington Street, Upper Lake, CA,95485 | $485,000 | 2 | 2 | 1,100 | 5631 Sqft |
600 E State Hwy 20, Upper Lake, CA,95485 | $129,000 | -- | -- | -- | 59677 Sqft |
1354 1350 W State Highw.., Upper Lake, CA,95485 | $299,999 | -- | -- | -- | 1051974 Sqft |
5305 Blue Lakes Road #9, Upper Lake, CA,95485 | $218,000 | 3 | 2 | 2,145 | -- |
Copyright © 2024 by the Multiple Listing Service of the California Regional MLS®. This information is believed to be accurate but is not guaranteed. Subject to verification by all parties. This data is copyrighted and may not be transmitted, retransmitted, copied, framed, repurposed, or altered in any way for any other site, individual and/or purpose without the express written permission of the Multiple Listing Service of the California Regional MLS®. Information Deemed Reliable But Not Guaranteed. Any use of search facilities of data on this site, other than by a consumer looking to purchase real estate, is prohibited.
ByOwner last updated this listing 05/07/2024 @ 15:25
MLS: LC24063279
LISTED BY: Sheryle McNamara, Luxe Places International Realty
SOURCE: CRMLS
Buyer Agency Compensation: 2.5%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.