3089 2nd St, Clearlake, CA 95422

Property Description

FIX&FLIP opportunity, or amazing opportunity to own a home for less than the cost of renting, or for an investor to get an unbeatable projected cap rate of 11%. Tenant paying $850/month, projected market rent is $900/mo. Home has been rented out consistently by same owner, with positive cash flow for over 11 years. The home needs a few repairs, but overall is in better good condition. 2 bedroom 2 bathroom with generous sized living and dining rooms, built-in china cabinet, well planned kitchen, soaking tub in the master bathroom, on a paved road, in a section of homes that all seem to show pride of ownership. Fenced lot, gated paved driveway. Near enough to stores, hospital, library, etc., but far enough down the paved road to feel like you're on vacation all the time. Beautiful pastoral view of "Mt. Baldie" across the peaceful street, minutes to Clear Lake, the largest natural Lake entirely in California, and only about 2 hrs. from the Bay Area. This would be a great weekend home for the city dweller, public boat launch only minutes away, and Lake County is the up and coming Wine grape and tasting destination. If you're weary of germs and city living, come to beautiful Clearlake, one of the most naturally beautiful places in Northern California.