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$ 688,000
Est. payment /mo
Active Under Contract
3686 Primrose Road South Lake Tahoe, CA 96150
5 Beds
2,206 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Apt Build 5-12 Units
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 2,206 sqft
Price per Sqft $311
Subdivision Unavail
MLS Listing ID 143119
Bedrooms 5
Year Built 1970
Lot Size 5,000 Sqft
Acres 0.1148
Property Sub-Type Apt Build 5-12 Units
Property Description
Five-unit multifamily in the centrally located Stateline area of South Lake Tahoe. Ideally located within walking distance of the bus route, Heavenly Village, casinos, restaurants, shopping, and one of the area's largest employment centers, the property benefits from a consistently strong rental market and a historically low vacancy rate.The property consists of two one-bedroom, one-bath units and three studio apartments, all of which are currently tenant occupied. Covered parking is available for four of the units, a valuable amenity that adds convenience for tenants year-round.Additional features include a spacious basement/storage area that provides ample room for owner storage, maintenance supplies, or potential future utility. With its prime location, rental history, and desirable unit mix, this is an excellent opportunity for investors seeking an investment in one of South Lake Tahoe's strongest rental corridors. Whether you're looking to expand your investment portfolio or acquire a well-positioned income property, 3686 Primrose Road is a property that deserves strong consideration.
Location
State CA
County El Dorado
Area Stateline
Interior
Heating Natural Gas, Wall or Space Heater
Cooling Natural Gas, Wall or Space Heater
Exterior
Garage Spaces 6.0
Utilities Available NaturalGasAvailable, Cable TV, Telephone
Roof Type Pitched,Composition
Building
Story Two Story
Foundation Slab, Basement/Unfinished
Water Natural Gas
Others
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Listed by Chase International - South Lake Tahoe
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