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1032 4th St

South Lake Tahoe CA 96150

1
1
21
14810 sq. ft.
Multi-Family
Currently for sale - view listing

Overview

We are pleased to present 1032 Fourth Ave, a beautifully renovated apartment community located in the world class destination town of South Lake Tahoe, California. The property consists of one and two bedroom floorplans and has a gross building area of approximately 7,760 square feet. Thirteen of the Fourteen units have received a full remodel over the past couple of years, providing residents truly unique living in a town that has seen very little new construction since 1980's. Every unit has new granite countertops, new cabinetry, vinyl plank flooring / new carpet, and new appliances. In addition to the cosmetic upgrades. No expense was spared in the renovation of the property, giving the new owner a truly turnkey asset with little to none deferred maintenance. The renovation spec is meant to cater to high income professionals that work at the Barton Medical Center, which is located just a few hundred feet away from the property. Barton Medical Center remains the primary hospital and medical treatment facility for the Lake Tahoe region. The offering represents an above market return day one and a positive leverage investment opportunity in a world renowned destination. The capitalization rate at list price is intended to indicate that the seller is very motivated.

Features

1 bedroom
1 bathroom
21 carspaces
14810 sq. ft. lot size
Multi-Family

Property history for 1032 4th St

2016
Sold
$845,000
27 Nov 2016

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Local market activity for 1 bedroom multi families in South Lake Tahoe

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