1031 Reno Ave - Multi-Family FOR SALE


South Lake Tahoe, CA 96150
$960,000 USD
530-545-0811

NO PHOTO

$960,000 USD
Multi-Family - FOR SALE
null | 4.5% Cap Rate

1031 Reno Ave
South Lake Tahoe, CA 96150


HIGHLIGHTS

  • Great rental area
  • 3 separate parcels all included
  • Close to 15,000 square feet of land.

OVERVIEW

Centrally located 7 rental units on 3 separate lots. One gas meter and one electric meter so owner pays the utilities. 1029 Reno APN 031-082-016 duplex, 1031 Reno Ave, APN 031-082-017 duplex plus studio cabin, 1035 Reno APN 031-082-018 duplex. New owner is in the process of painting and cleaning up the property over the next few months. This price is an amazing opportunity. Potential to demolish the building and build 3 separate new homes or 3 duplexes.

FOR SALE DETAILS

PRICE

$960,000 USD

PRICE/SF

$356 USD /SF

# OF UNITS

7

PRICE/UNIT

$137,143

CAP RATE

4.5%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Reno Ave Apartments

PROPERTY TYPE

Multi-Family

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1964

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,227 SF

ZONING

multi family

APN/PARCEL ID

031-082-016-000

ASK ABOUT THIS PROPERTY

Lloyd AronoffRe/Max Realty TodayMore Info
530-545-0811

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Lloyd AronoffRe/Max Realty TodayMore Info
530-545-0811

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.