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
Listing Courtesy of Sheryle Mcnamara , Luxe Places International Realty
features
cooling
Heat Pump
PROPERTY INFORMATION
Cooling
Heat Pump
Heating
Heat Pump
Parking Description
Other
Water
Public
EXTERIOR
Construction
Wood Siding
Lot Description
Level, Other
Roofing
Other
INTERIOR
Flooring
Laminate, Tile, Vinyl, Carpet
Listing Courtesy of Luxe Places International Realty
Listing Courtesy of Sheryle Mcnamara , Luxe Places International Realty