1222 Sierra Boulevard, South Lake Tahoe CA 96150 (Off Market)

For Sale, USD 1,350,000


1222 Sierra Boulevard, South Lake Tahoe CA 96150,

Property Type : Multi-Family Home

Property Style : N/A

Build Size : 3,600 ft² / 334 m²

Land Size : N/A

Bedroom : 8

Bathroom : 0

Half Bathroom : 0

MLS#: N/A


Property Description

Multi-Family Investment Opportunitywith Bonus Lot!Fully occupied and ideally located, this 8-unit apartment building at 1222 Sierra Blvd presents a strong income opportunity with room for long-term value growth. The property includes a mix of studio and 1-bedroom units, some with in-unit laundry hookups, and is well-suited for long-term tenants seeking central access to all South Lake Tahoe has to offer.Included in the sale is the adjacent lot at 2544 Rose Ave (separate APN), currently used as a private parking lot exclusively for tenant usean added amenity rarely available in multifamily offerings. Both parcels are being sold together, providing expanded utility and future potential.Offered CAP Rate: 6.46% -- this CAP rate on a fully occupied, well-managed property in South Lake Tahoe is competitive and realistic given current market dynamics.
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1222 Sierra Boulevard, South Lake Tahoe CA 96150, United States,California,South Lake Tahoe is a 3,600ft² South Lake Tahoe luxury Multi-Family Home listed for sale USD 1,350,000. This high end South Lake Tahoe Multi-Family Home is comprised of 8 bedrooms and 0 baths. Find more luxury properties in South Lake Tahoe or search for luxury properties for sale in South Lake Tahoe.