$1,389,375
$1,475,000
5.8%For more information regarding the value of a property, please contact us for a free consultation.
0.25 Acres Lot
SOLD DATE : 10/02/2022
Key Details
Sold Price $1,389,375
Property Type Multi-Family
Sub Type 5 or More Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 222082730
Sold Date 10/02/22
HOA Y/N No
Originating Board MLS Metrolist
Year Built 1965
Lot Size 10,890 Sqft
Acres 0.25
Property Description
Renovated 5-unit apartment building close to the Lake. New Windows, new paint, new renovated interiors, section 1 and 2 work completed. This property is completely turn key and is getting top of the market rents (Monthly Rent roll is $10,350). This property was previously a 6-unit complex until the 6th unit was converted into garages. City of Tahoe will allow you to convert them back to a 6th unit. Electrical and plumbing is already there. This .25 Acre lot will allow 2 ADU units on-site as well. Rent, build, occupy... this investment property has unlimited options. Contact listing agent for a marketing package and tour.
Location
State CA
County El Dorado
Area 13301
Direction Merge onto US-50 E toward South Lake Tahoe. Enter next roundabout and take the 2nd exit onto Monitor Pass & Luther Pass Scenic Byway/CA-89. Turn right onto 12th St. Take the 1st left onto James Ave. 673 James Avenue is on the right.
Interior
Heating Central
Cooling Central
Flooring Laminate, Vinyl
Laundry Washer/Dryer Owned
Exterior
Garage Off Street
Utilities Available None
Water Access Desc None
Total Parking Spaces 8
Building
Lot Description Other
Story 2
Foundation BrickMortar, Concrete, Other
Sewer None
Water None
Schools
Elementary Schools Lake Tahoe Unified
Middle Schools Lake Tahoe Unified
High Schools Lake Tahoe Unified
School District El Dorado
Others
Senior Community No
Tax ID 023-151-023
Special Listing Condition None
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Bought with Rollman Properties