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Key Details
Sold Price $648,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID CRLC23092043
Sold Date 07/19/24
Originating Board California Regional MLS
Year Built 1979
Property Sub-Type Duplex
Property Description
NEW CONSTRUCTION DUPLEX BY THE LAKE. Compelling investment opportunity that is fully rented to quality tenants and showing 8.5% gross return or 6.49% cap rate after expenses, with zero forseeable maintenance for a good long while. Ideal spot with lake views and easy lake access is on offer beside the Lupoyoma Lakeside community park with floating dock access. No expense has been spared in this luxury rebuild, from the ground up, with uncompromising high-end quality, innovative design finishes and new everything. Here you can meet the serenity of nature on the water's edge but with easy walking access to Main St restaurants, coffee, and shopping, or take a stroll along the lakefront park. Wrap around decking on three sides for both units with a large private courtyard garden for the main unit, allows for expanded tranquil indoor/outdoor living and enjoying the lake views. Attention to detail is evident throughout the entire property, from the upgraded 2x6 walls and new insulation to the new wiring and plumbing. In addition, the interior walls are also insulated to ensure privacy and a soundproof environment. Also, possible as a home and income with B&B as a possibility for both units or as an extended family residence. Approaching the home, you are greeted by a beautifully stamped
Location
State CA
County Lake
Area Lclps - Lakeport South
Rooms
Kitchen Dishwasher, Oven Range - Electric
Interior
Heating Electric
Laundry Other
Exterior
Parking Features Boat Dock
Garage Spaces 4.0
Pool None
View Lake
Roof Type Composition
Building
Lot Description Grade - Level
Foundation Concrete Slab
Water District - Public
Others
Tax ID 02558113
Special Listing Condition Not Applicable
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Bought with Timothy Toye
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Broker | License ID: 02213637
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