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$ 975,000
Est. payment | /mo
5 Beds
1 Sqft Lot
$ 975,000
Est. payment | /mo
5 Beds
1 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Subdivision Unavail
MLS Listing ID 143408
Bedrooms 5
Year Built 1949
Lot Size 1 Sqft
Property Sub-Type Quadruplex
Property Description
937 3rd Street is a four-unit multifamily investment property in South Lake Tahoe featuring a diversified unit mix of one two-bedroom/one-bath apartment, three one-bedroom/one-bath apartments, and a rented commercial yard. The property's current residential rents are well below prevailing market levels, offering investors meaningful potential income upside. Three apartments are occupied on month-to-month terms, while the one-bedroom unit associated with the garage is on an annual lease. All units are individually metered, and three of the four units feature washer/dryer hookups. Built in 1949, the two-story, 2,228-square-foot building sits on approximately 0.50 acre and provides existing in-place income, a garage component, and additional revenue from the yard.
Location
State CA
County El Dorado
Area Tahoe Island Park
Interior
Heating Electric, Wall or Space Heater, Fireplace
Cooling Electric, Wall or Space Heater, Fireplace
Laundry In Unit
Exterior
Roof Type Composition
Building
Story Two Story
Foundation Concrete/Crawl Space
Water Natural Gas
Others
Ownership Fee Simple
Listed by NAI Tahoe Sierra
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