MLS® ID: LC19021234

4685 W State Highway 20

Upper Lake, California, 95485

$1,400,000 Active
  • - SQFT
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.
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Listing courtesy of Boss Real Estate & Appraisal

Amenities

  • Full baths
    0
  • Half baths
    0
  • Three-quarter Baths
    0
  • Total Baths
    0
  • Zip
    95485
  • Office name
    Boss Real Estate & Appraisal
  • SQFT
    0
  • Bedrooms
    0
  • Property type
    Multi Family
  • Zoning type
    CR-RL
  • Year built
    1929
  • Lot size
    1051538.40
  • Heating
    Zoned,Space Heater,Electric,Propane
  • Tax year
    0
  • Agent name
    Douglas Kues
  • Tax amount
    $ 0.0
  • Purchase Type
    Active
  • Price Range
    $1.25m-$1.5m
  • Square Feet Range
    < 1000 sq ft.
  • Year Built Range
    1989 (and earlier)
  • Office ID
    LCBOSS
  • Agent ID
    LCkues

Location

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