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Key Details
Sold Price $900,000
Property Type Commercial
Sub Type Hotel/Motel
Listing Status Sold
Purchase Type For Sale
MLS Listing ID LC22151869
Year Built 1970
Lot Size 2.500 Acres
Property Description
Excellent investment opportunity in North Lakeport! 6 UNIT complex on 2.5 ACRES with lakefront parcel/lake access included. Zoned R3. One level, mostly all renovated and/or furnished units. So many possibilities here.... HUGE vacation rental potential or short/long term rental ready. New exterior/interior paint, new windows, upgraded electrical panels, 6 PGE meters, currently 1 public water/sewer bill (6 more hook ups available!) and the lakefront parcel has its own utility hook ups available and an approx 9 year old seawall. Lake irrigation for landscaping. All units are all electric with window/wall AC. Create your own turn-key lake vacation home business- plenty of parking available for multiple cars and /or boats! Garage/SHOP used by sellers for storage in the back of the property. With R3 zoning, build additional units in the back of the property, or possibly one main home?? Located only minutes into downtown Lakeport, near local schools and hospital and close to public boat launch. Currently two units rented month to month, sellers have left the furnished units available for new owner to decide which rental direction to go. Rental demand is surging, this could be a fantastic opportunity!
Location
State CA
County Lake
Area Lclpn - Lakeport North
Zoning R3
Interior
Heating Electric
Cooling Electric, Wall/Window Unit(s)
Laundry Common Area, Electric Dryer Hookup, Inside, See Remarks
Exterior
Community Features Fishing
Utilities Available Electricity Connected, Sewer Connected
Waterfront Description Across the Road from Lake/Ocean,Across the Road Water Frontage,Lake,Lake Front,Lake Privileges,Seawall
Roof Type Composition
Building
Lot Description 2-5 Units/Acre, Near Public Transit, Rectangular Lot, Street Level, Level
Water Public
Others
Acceptable Financing Cash to New Loan, Conventional, Owner May Carry
Listing Terms Cash to New Loan, Conventional, Owner May Carry
Special Listing Condition Standard
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Bought with Jacqueline Kues • Boss Real Estate & General Appraisal