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
CRLC24063279
Business Opportunities, Other
Lake
1992
1.5
Acres
Public
Wood
Public Sewer
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The scores below measure the walkability of the address, access to public transit of the area and the convenience of using a bike on a scale of 1-100
Walk Score
Transit Score
Bike Score
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