380 5th St, Lakeport, CA 95453

Property Description

TWO LEASED HOMES on one parcel. Owner of the homes has for the past 25+ years maintained impeccable condition of both units and has not allowed for any deferred maintenance. The 2 bedroom, 1 1/2 bath, detached home is absolutely adorable with central heat and air, laundry inside, dual pane windows, blown insulation in the walls, and ceiling fans in the bedrooms and on the front porch. Home is small but extremely charming and lovable. The 2nd home fronts on North Brush street and is built above the garage. It is a one bedroom, one bath cozy and comfortable unit with dual pane windows, and blown insulation in the walls. It has two split units for heating and air conditioning, one in the bedroom and one in the living room. It also has laundry facilities available. Both units are leased. The tenant in the 2 bedroom is in his 2nd year lease and rent is $1,300 per month. All utilities are separate and paid by tenants The rent on the one bedroom home is $950 per month. Both tenants were well screened and are employed in Lake County with Essential Job status. Homes are located in the heart of Lakeport and only 4 blocks from the lake and beautiful library park, with boat launching ramps, grassy lawns, picnic tables, restaurants, and more. Truly an incredible value. Garage could be rented with either unit but right now it is not included in either lease and is used exclusively by the owner..another plus! Income from the two rentals provides a great return on investment.