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    2187 Lake Tahoe Boulevard

    South Lake Tahoe, CA 96150
    • $2,295,000
    • STATUS: Active
    • ON SITE: 129 days
    • MLS #: 20043633
    $2,295,000
    • 0
      BEDS
    • 0.42
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1959
    County:

    School Information

    Elementary School:
    Middle School:
    High School:
    School District:

    Description

    Turn key investment opportunity. This 17 Unit former motel has been completely remodeled and is an Exceptional Property in the South Lake Tahoe Single Room Occupancy program. This is the first SRO in South Lake Tahoe to be awarded exceptional status 3 years in a row, which allows for building department inspections every three years rather than every year. It is 100% leased to long term tenants, but the option of nightly rentals is still available. Full kitchens have been added to all of the units. The kitchens feature a gas range with hood, full size refrigerator, large sink, tiled countertops and plenty of cabinet space. The units are fully furnished, many with quality loft beds to create more living space. The larger building has 11 studios, a 1-BR/1BA, and a 3RB/2BA owners unit. The smaller building has 4 1BR/1BA units. One unit is ADA compliant. This is great opportunity to live in Lake Tahoe and have passive income. Live on-site and manage the property yourself to maximize income

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    © 2020 MetroList® MLS. All rights reserved. All measurements and all calculations of area are approximate. Information provided by Seller/Other sources, not verified by Broker. All interested persons should independently verify accuracy of information. Provided properties may or may not be listed by the office/agent presenting the information. Data last updated 2020-12-04T23:38:22.573. MetroList® MLS Terms of Use. IDX provided by BoomTown.
    www.sacramentoareahomefinder.com/homes/108303474
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    2187 Lake Tahoe Boulevard South Lake Tahoe, CA 96150

    • Price: $2,295,000
    • Status: Active
    • MLS #: 20043633
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.42
    Acres
    1959
    Built
    Neighborhood:
    South Lake Tahoe
    County:
    El Dorado
    Area:
    South Lake Tahoe
    Elementary School:
    Lake Tahoe Unified
    Middle School:
    Lake Tahoe Unified
    High School:
    Tahoe-Truckee
    School District:
    El Dorado
    Property Description
    Turn key investment opportunity. This 17 Unit former motel has been completely remodeled and is an Exceptional Property in the South Lake Tahoe Single Room Occupancy program. This is the first SRO in South Lake Tahoe to be awarded exceptional status 3 years in a row, which allows for building department inspections every three years rather than every year. It is 100% leased to long term tenants, but the option of nightly rentals is still available. Full kitchens have been added to all of the units. The kitchens feature a gas range with hood, full size refrigerator, large sink, tiled countertops and plenty of cabinet space. The units are fully furnished, many with quality loft beds to create more living space. The larger building has 11 studios, a 1-BR/1BA, and a 3RB/2BA owners unit. The smaller building has 4 1BR/1BA units. One unit is ADA compliant. This is great opportunity to live in Lake Tahoe and have passive income. Live on-site and manage the property yourself to maximize income
    Exterior Features

    Approx Elevation 0 Construction Wood Covered Parking Spaces 1 Exterior Wood Parking +1 Space Per UnitCarportGarage Roof Comp Shingle Stories 2 Uncovered Parking Spaces 21

    Interior Features

    Air None Equipment Cable Tv InstalledGas Water HeaterH/S Internet AvailLow-Flow Toilet(S)Washer/DryerWindow Furnishings Floor Coverings CarpetTile Furnished All Units Heat Furnace Wall Kitchen Appliances Range Gas F/SRefrigerator F/SVaries By Unit Unit1 Bedrooms 1 Unit1 Full Baths 1 Unit1 Half Baths 0 Unit1 Sq Ft 287 Unit2 Bedrooms 1 Unit2 Full Baths 1 Unit2 Half Baths 0 Unit2 Sq Ft 287 Unit3 Bedrooms 1 Unit3 Full Baths 1 Unit3 Half Baths 0 Unit3 Sq Ft 249 Unit4 Bedrooms 1 Unit4 Full Baths 1 Unit4 Half Baths 0 Unit4 Sq Ft 249

    Property Features

    1 Bedroom Units 5 2 Bedroom Units 0 3 Bedroom Units 1 Amenities BarbequeOwner's UnitWasher/Dryer OwnedYard Space CCRs No Cross Street Address 3rd Street Disability Features Grab BarsParkingRampRoll-In ShowerVaries By Unit Energy Features 220 VoltsCeiling Fan(S)Dual Pane PartialVaries By Unit HOA No Hoa Dues 0 Individual Units 17 Multifamily Type 5 Or More Units Special Listing Condition None Studio Units 11 Tenant Pays Rent Only Total Leasable 17 Unit1 Rent 990 Unit2 Rent 1050 Unit3 Rent 1000 Unit4 Rent 990 Year Remodeled 2007 Zoning Gc

    Listing provided courtesy of John Richard Beltramo, Jr.. Listing information © 2020 MetroList Services, Inc.


    © 2020 MetroList® MLS. All rights reserved. All measurements and all calculations of area are approximate. Information provided by Seller/Other sources, not verified by Broker. All interested persons should independently verify accuracy of information. Provided properties may or may not be listed by the office/agent presenting the information. Data last updated 2020-12-04T23:38:22.573. MetroList® MLS Terms of Use. IDX provided by BoomTown.
     
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