$750,000
$825,000
9.1%For more information regarding the value of a property, please contact us for a free consultation.
12 Beds
4,332 SqFt
SOLD DATE : 12/20/2017
Key Details
Sold Price $750,000
Property Type Multi-Family
Sub Type Apt Build 5-12 Units
Listing Status Sold
Purchase Type For Sale
Square Footage 4,332 sqft
Price per Sqft $173
Subdivision Johnson Acres 2
MLS Listing ID 122401
Sold Date 12/20/17
Bedrooms 12
Year Built 1966
Annual Tax Amount $2,871
Lot Size 0.268 Acres
Acres 0.268
Property Description
Great investment property! CAP rate of 6.68%! Rentals are at a premium in Lake Tahoe. SLT City has indicated the greatest housing need in SLT is for more studios. Multi-Residential complex with 12 studio units and shared a kitchen. Located near shopping, bank & bus route. 100% occupied. 12- studio/bathroom units; Two units have fireplaces; one unit has a full kitchen with FP; shared kitchen facility on 2nd floor. Efficient radiator heat. Over $150,000 in renovations:newly painted; renovated,including dual pane windows, refinished parking area with striping, renovated interiors & more! Managed by local rental agency. Call listing agent for more information and financials.
Location
State CA
County El Dorado
Area Tahoe-Sierra
Interior
Heating Forced Air, Natural Gas, Fireplace, Other/See Remarks
Cooling Forced Air, Natural Gas, Fireplace, Other/See Remarks
Exterior
Utilities Available NaturalGasAvailable, City Water, City Sewer, Cable TV, Telephone
Roof Type Composition
Building
Story Two Story
Foundation Concrete/Crawl Space
Water Other/See Remarks
Others
Ownership Fee Simple
Acceptable Financing Cash
Listing Terms Cash
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Bought with Coldwell Banker No. Calif.
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REALTOR® | Lic# CA 01350620 NV BS145655