MLS® ID: LC19021234
4685 W State Highway 20
Upper Lake, California, 95485 $1,400,000
The perfect adult community retirement income stream. 10 cabins + owner/manager residence on the water on a 4.41 acre parcel of land on Highway 20, PLUS another 19.73 acres (APN 003-025-050 / 4650 W State Highway 20) across the highway with another single family residence high on the hill with lake & mountain views. All rented. Search 4685 W State Highway 20 on Google Earth for a terrific view & location confirmation. Paved drive and concrete walkways meander through the park. Owner pays well water maintenance & distribution / garbage collection but all else separate metered to each unit. 4 shared septic systems per owner. Coin operated laundry facility. Current rents are reported as $139,200 annually. Assuming 20% owner expenses that's a nearly 9.00% cap rate at the asking price. Live in one and rent the others. Enough to keep you busy in between sunrise, sunset, and fishing. Amazing property to enjoy an amazing lifestyle. Units, Room Count, Square footage is estimated and not verified. All information subject to Buyer confirmation.