15 Royale Ave
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15 Royale Ave
12 Unit Block of Flats £997,624 (£83,135/Unit) 5.93% Net Initial Yield Lakeport, CA 95453
Investment Highlights
- Walking distance to stores, shops, restaurants and fabulous Clear Lake
- 5.5% CAP Rate
- Steady 90% occupancy rate.
Executive Summary
Lakeport Royale Apartments – 15 Royale Ave., Lakeport, Lake County. Seize this lucrative investment opportunity with a 12-unit apartment building in Lakeport. Featuring a mix of 11 desirable 2 bedroom/1 bath and 1 larger 3-bedroom 1 bath units. The building maintains an impressive 90% occupancy rate, with only one unit currently available for showing. Enjoy the convenience of nearby amenities, including grocery stores, shops, restaurants, public transportation, and the stunning Clear Lake within walking distance. Lakeport has witnessed a robust rental market, allowing low vacancies and steady rental demand in recent years. Don't miss out on adding this high-performing asset to your portfolio. Detailed rent roll, income, and expense information are readily available for your review. Make time now to explore this promising Lake County investment opportunity.
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | £997,624 | Apartment Style | Low Rise |
| Price Per Unit | £83,135 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.45 AC |
| Net Initial Yield | 5.93% | Building Size | 10,144 SF |
| No. Units | 12 | Number of Floors | 1 |
| Property Type | Residential | Year Built | 1972 |
| Property Subtype | Apartment | Parking Ratio | 1.58/1,000 SF |
| Price | £997,624 |
| Price Per Unit | £83,135 |
| Sale Type | Investment |
| Net Initial Yield | 5.93% |
| No. Units | 12 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.45 AC |
| Building Size | 10,144 SF |
| Number of Floors | 1 |
| Year Built | 1972 |
| Parking Ratio | 1.58/1,000 SF |
Unit Amenities
- Air Conditioning
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
Site Amenities
- 24 Hour Access
- Property Manager on Site
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 2+1 | 11 | - | 1,000 |
| 3+1 | 1 | - | - |
1 of 1
zoning
| Zoning Code | R3 (Multi Unit Residential) |
| R3 (Multi Unit Residential) |
1 of 22
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15 Royale Ave
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