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1940 Lakeshore Boulevard N - Cedar Cove Lodge, Lakeport, CA

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1940 Lakeshore Boulevard N - Cedar Cove Lodge

Lakeport, CA 95453

Property Type:Multi-Family Number of Units:9 Status:Existing Year Built:1950
Stories:1 Building Size:3,640 SF Land Area:.51 AC (22,311 SF)
For Sale Price:$275,000 Price/Unit:$30,555.56 Cap Rate:8.00 % GRM:-


Sale Notes:
Lake County Commercial Property. Hotel/Motel. Multi-Family. This 9 unit complex is currently under renovation. The units have been gutted out and ready for electric, plumbing and finishing. Owner is currently renovating and the sale price will increase as renovation phases are completed. This is a lakefront property and has spectacular views of the water and Mt. Konocti. Units will probably rent for around $800.00 to $850.00 each when the renovation are complete if used as a permanent residence. Or run it as a resort, fishing lodge or B & B and increase the income. Check the county zoning for all multiple uses of this property. Current listing price reflects property condition as of 8-12-2016. Owner may carry.

High Street to Lakeshore in Lakeport CA 95453

CPS Country Air Properties
Jim Magliulo
(707) 263-5729

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