Upper Lake, California
4685 W State Highway 20

Price: USD 1,400,000

Status: Sale

Type:

Zipcode: 95485

Reference/MLS#: LC19021234

Remarks

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.

Building Feature
Community Laundry
Smoke alarms
Construction Materials
Block
Concrete
Wood Siding
Lot Features
Gentle Sloping
Irregular Lot
Lot Over 40000 Sqft
Sloped Down
Security Features
Carbon Monoxide Detector(s)
Smoke Detector(s)
Utilities
Cable Available
Electricity Connected
Phone Available
See Remarks
Sewer Not Available
Water Connected
Waterfront Features
Fishing in Community
Lake
Lake Front
Waterfront With Home Across Road
Roof Material
Wood shingle roof
Water Source
City/mains water
Fuel Type
Propane gas
Heating
Zoned
Roof
Composition

Map is not available for this listing

Courtesy of
  • Boss Real Estate & General Appraisal

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