866 Southwood Blvd - Apartments FOR SALE


Incline Village, NV 89451
$2,995,000 USD
760-641-3944
866 Southwood Blvd, Incline Village, NV for Sale
$2,995,000 USD
Apartments - FOR SALE
1/33
null | Request Cap Rate

866 Southwood Blvd
Incline Village, NV 89451


OVERVIEW

LOCATION LOCATION LOCATION Great Opportunity in North 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. Two 18 hole golf courses a few minutes away. Prime property built 1965, pre TRPA-grandfathered coverage. Large Tax Depreciation on capital improvements. 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 water line, water meter, sewer cleanout, 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. LOWER ELEVATION, 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. Cooperation with brokers. Email: Cdesign4you@gmail.com

FOR SALE DETAILS

PRICE

$2,995,000 USD

PRICE/SF

$493 USD /SF

# OF UNITS

6

PRICE/UNIT

$499,167

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1965

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.29 AC

LAND SF

12,489 SF

ZONING

046, Reno

APN/PARCEL ID

132-222-08

ASK ABOUT THIS PROPERTY

Christine PrescottCP Interior DesignsMore Info
760-641-3944

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Christine PrescottCP Interior DesignsMore Info
760-641-3944

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