3987 E STATE HWY 20 for sale in Nice, California

$550,000

This is a MONEY MAKER! Fully occupied and well maintained! This property consists of 8 units total;including five 2bd/1ba cottages, one 1bd/1ba cottage, a fully remodeled 1010 sq.ft 2bd/1ba main house (could be owners unit) and a studio apartment below main house.....plus coin operated laundry facility. All units on separate meters.The property is .8 acres with 78 of lakefront on the shores of Clearlake. Property is on sewer with water provided by private well. All cottages have new roofs, paint, flooring and plumbing fixtures.Owner/contractor has made many improvements over the last few years. This Lakefront property is located directly next to Worldmark timeshare resort. Clearlake is a very popular Northern California outdoor recreational destination with great fishing, hiking, biking, and boating. Just 2 hours north of the San Francisco Bay Area, Clearlake benefits from the robust Bay Area economy and is becoming a very attractive investment alternative for Bay Area Investors. Current gross monthly revenue $5,775 per month.

Details
Property Class: Commercial
Type: Multi-Family
Listing Status: Active
City: Nice
Area: LCNIC - Nice
County: Lake
State: CA
Property Sub Type Descr: Multi-Family
Parking Total: 12.00
Living Area (SqFt): 4200 sq. ft.
Lot Size Area Sq Feet: 35023.00
Lot Size Area Acres: 0.80400
Listing#: LC
Parcel Number: 00
Year Built: 1947
List Date: 4/30/2015
Class: Commercial
Property Subtype: Multi-Family
Approx Lot Size: 0.804

Construction Material: Wood
Roof: Composition
Heating: Electric
Present Use: Multi-Family
Lot Desc: 6-10 Units/Acre, Beach Front, On Lake Front, Waterfront
Utilities Water: Well


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