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    3885 Alvita Avenue

    Clearlake, CA 95422
    • $615,000
    • STATUS: Active
    • ON SITE: 57 days
    • ID#: LC21161701
    UPDATED: 28 min ago
    $615,000
    • 0
      BEDS
    • 0.5
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1940
    County:

    School Ratings & Info

    Description

    Are you looking for a steady reliable revenue stream? Then this income producing property could be the opportunity you are seeking. A total of 7 rental units. Each unit has been well-maintained with their own storage space. Stable tenancy with long term tenants on month to month leases. If handled correctly this property would pay itself off free and clear in 10 years or less. Thereby giving the owner substantal profits. Property is close to the lake, shops, schools, and restaurants. All units pay their own electric. Water is paid by owner. Property is .5 acres of level ground with ample tenant parking. On-site laundry and storage building

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-19T10:28:50.73. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Brandon Hobbs Group | Compass. Licensed in the State of California, USA.
    www.searchwithcompass.com/homes/119646617
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    3885 Alvita Avenue Clearlake, CA 95422

    • Price: $615,000
    • Status: Active
    • Updated: 28 min ago
    • ID#: LC21161701
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.5
    Acres
    1940
    Built
    Neighborhood:
    Lcclw - Clearlake West
    County:
    Lake
    Area:
    Lcclw - Clearlake West
    Property Description
    Are you looking for a steady reliable revenue stream? Then this income producing property could be the opportunity you are seeking. A total of 7 rental units. Each unit has been well-maintained with their own storage space. Stable tenancy with long term tenants on month to month leases. If handled correctly this property would pay itself off free and clear in 10 years or less. Thereby giving the owner substantal profits. Property is close to the lake, shops, schools, and restaurants. All units pay their own electric. Water is paid by owner. Property is .5 acres of level ground with ample tenant parking. On-site laundry and storage building
    Exterior Features

    Horse Amenities Riding Trail Lot Features Back YardCorner LotFront YardNear ParkNear Public TransitYard Number Of Separate Electric Meters 4 Parking Total 0 Pool Features None Pool Private YN No Property Attached YN No

    Interior Features

    Appliances Washer Common Walls No Common Walls Heating Wall Furnace Heating YN Yes

    Property Features

    Additional Parcels YN No Common Interest None Community Features BikingCurbsDog ParkFoothillsFishingGolfGutter(S)HikingHorse TrailsStable(S)HuntingLakeMilitary LandMountainousNear National ForestPreserve/Public LandRuralRavineStorm Drain(S)Street LightsSidewalks Electric Expense 0 Fuel Expense 0 Garage YN No Gross Income 75000 Gross Scheduled Income 75000 Insurance Expense 2500 Land Lease YN No Laundry Features Common AreaWasher HookupElectric Dryer HookupInsideLaundry Room Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashConventionalOwner Will Carry Maintenance Expense 1500 Net Operating Income 63000 New Construction YN No Number Of Separate Gas Meters 0 Number Of Separate Water Meters 0 Operating Expense 12000 Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Trash Expense 1200 Water Sewer Expense 800 Water Source Public

    Listing provided courtesy of August Schmitt of August Schmitt Realty Solutions


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-19T10:28:50.73. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Brandon Hobbs Group | Compass. Licensed in the State of California, USA.
     
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    Newport Beach CA, 92660