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$960,000
Est. payment /mo
7 Beds
2,500 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Apt Build 5-12 Units
Listing Status Active
Purchase Type For Sale
Square Footage 2,500 sqft
Price per Sqft $384
Subdivision Tahoe Sierra 1
MLS Listing ID 141530
Bedrooms 7
Year Built 1964
Annual Tax Amount $11,000
Lot Size 5,227 Sqft
Acres 0.12
Property Sub-Type Apt Build 5-12 Units
Property Description
An exceptional income opportunity featuring seven total unitsthree duplexes and one freestanding studiocentrally located in South Lake Tahoe. The properties span three separate parcels (1029 Reno Ave - APN 031-082-016, 1031 Reno Ave - APN 031-082-017, and 1035 Reno Ave - APN 031-082-018), offering future flexibility and potential for individual sales after separate metering.Currently, all units share a single gas and electric meter, providing an opportunity for a savvy investor to increase value by installing individual meters.Recent improvements include extensive renovations to 1029 Reno and a refreshed studio unit on the left side of 1031 Reno. The 1035 Reno duplex is occupied by long-term tenants and presents a great opportunity for future updates and added value.With its prime central location and strong rental demand, this property package is ideal for investors seeking steady income, redevelopment potential, or a long-term portfolio addition in South Lake Tahoe.
Location
State CA
County El Dorado
Area Tahoe-Sierra
Zoning Other/See Remarks
Interior
Heating Natural Gas, Wall or Space Heater
Cooling Natural Gas, Wall or Space Heater
Exterior
Exterior Feature Storage Shed
Utilities Available NaturalGasAvailable, Well - Private, Cable TV, Telephone, Water Meter
Roof Type Composition,Shingle
Building
Story One Story, Two Story
Foundation Concrete/Crawl Space
Water Natural Gas
Others
Ownership Fee Simple
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Listed by RE/MAX Gold - SLT
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