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Incline Village,NV 89451
Key Details
Property Type Multi-Family
Sub Type Apt Build 5-12 Units
Listing Status Active
Purchase Type For Sale
Square Footage 6,074 sqft
Price per Sqft $534
Subdivision Out Of Area
MLS Listing ID 141793
Bedrooms 13
Year Built 1965
Annual Tax Amount $9,602
Lot Size 0.285 Acres
Property Sub-Type Apt Build 5-12 Units
Property Description
Great Opportunity in Lake Tahoe, the Heart of Incline Village, NV Fabulous Location walk to the coveted beaches, Hyatt, restaurants, shops, markets, recreation center, and beautiful hiking trails just 3 blocks from Lakeshore Blvd. 2 18 hole golf courses a few minutes away. Prime property built 1965, pre TRPA-grandfathered coverage. 6 Unit apartment building located on the Lake side of Tahoe Blvd consists of: 5 2bd. 1 bath apts and 1 large 3 bd. 2 bath apt. with 35' balcony. All units light & bright 14 car parking lot The building has been renovated including beautiful New kitchens, new bathrooms, new front doors, new flooring throughout, newer baseboard heaters and new metal roof with heated gutters. New sewer line, new water line, water meter, new windows/sliders 2/3 of the bldg. new retaining wall, new paver walkways & parking lot Common area laundry room with coin operate washer/dryer, electric water heater and storage lockers for each unit. Large yard w/covered sitting area, dry creek bed, landscape lighting in the over 12,400 sq.ft. lot. Huge upside of 300k plus annually if operated as short term rentals. There is No rent control, No state of Nevada income taxes and No state inheritance taxes.
Location
State NV
County Washoe
Area Nevada
Zoning Multi-Family
Interior
Heating Electric,Baseboard
Cooling Electric,Baseboard
Laundry Common
Exterior
Garage Spaces 14.0
Utilities Available Cable TV,Telephone
Roof Type Composition,Metal
Building
Story Two Story
Foundation Concrete/Masonry
Water Electric