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$1,350,000
Est. payment /mo
8 Beds
3,600 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Apt Build 5-12 Units
Listing Status Active
Purchase Type For Sale
Square Footage 3,600 sqft
Price per Sqft $375
Subdivision Unavail
MLS Listing ID 141797
Bedrooms 8
Year Built 1960
Lot Size 5,227 Sqft
Acres 0.12
Property Sub-Type Apt Build 5-12 Units
Property Description
Multi-Family Investment Opportunitywith Bonus Lot!Fully occupied and ideally located, this 8-unit apartment building at 1222 Sierra Blvd presents a strong income opportunity with room for long-term value growth. The property includes a mix of studio and 1-bedroom units, some with in-unit laundry hookups, and is well-suited for long-term tenants seeking central access to all South Lake Tahoe has to offer.Included in the sale is the adjacent lot at 2544 Rose Ave (separate APN), currently used as a private parking lot exclusively for tenant usean added amenity rarely available in multifamily offerings. Both parcels are being sold together, providing expanded utility and future potential.Offered CAP Rate: 6.46% -- this CAP rate on a fully occupied, well-managed property in South Lake Tahoe is competitive and realistic given current market dynamics.
Location
State CA
County El Dorado
Area Tahoe-Sierra
Zoning Multi-Family
Interior
Heating Natural Gas, Wall or Space Heater
Cooling Natural Gas, Wall or Space Heater
Laundry Other/See Remarks
Exterior
Exterior Feature Storage Shed
Utilities Available NaturalGasAvailable, Cable TV, Telephone
Roof Type Composition
Building
Story Two Story
Foundation Slab
Water Natural Gas
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Listed by Berkshire Hathaway Home Services Drysdale Properties - South Lake Tahoe
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