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$1,240,000
$1,380,000
10.1%For more information regarding the value of a property, please contact us for a free consultation.
940 Silver Dollar Ave South Lake Tahoe, CA 96150
0.38 Acres Lot
Key Details
Sold Price $1,240,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 41035520
Sold Date 10/31/23
HOA Y/N No
Year Built 1962
Annual Tax Amount $4,512
Lot Size 0.380 Acres
Property Description
Amazing investment opportunity. Two 4 plex units on one over sized corner lot. Each 4 plex has 1- 3 bedroom/ 1 bath, 2-2 bedroom/ 1bath and a 1-1 bedroom one bath. One 1 bedroom recently updated and currently a 3 bedroom unit is being updated. These units are very spacious. Most units are below market rents given long term tenancy and original condition. Great location, walking distance to lake and shopping. Surrounded by upscale single family homes. The units next door were sold earlier this year and are currently being renovated. The possibilities are endless. South Lake Tahoe has restrictive regulations on new building, that is why this is an attractive opportunity
Location
State CA
County El Dorado
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Appliance Gas Water Heater
Exterior
Total Parking Spaces 7
Building
Lot Description Corner Lot, Street Level
Others
Tax ID 031284025000
Financing Conventional
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Bought with Tonya Colton • Notable Real Estate