Description
6 unit building with many upgrades. Large 600 sf apartments with open floor plans. Modern kitchens with peninsulas. Front entry stairs recently built with steel and concrete. Exterior has engineered log construction with old Tahoe charm. Perfect for harsh weather conditions. Perfect turnkey building with potential for rent increases. The building had very little vacancy in the last 7 years. Professionally appraised in January 2023 at $1,225,000 (report is on file). Current annual gross income is $85,573. Market rate rent (per appraisal) would be $99,000 per year. The property has a Certificate of Compliance with the city of South Lake Tahoe.
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Listing Agent: Svetlana Raleigh | Agent phone: 650-714-3736
Listing Office: Svetlana Raleigh, Broker
