$2,000,000
$2,085,000
4.1%For more information regarding the value of a property, please contact us for a free consultation.
20 Beds
8,183 SqFt
SOLD DATE : 07/20/2018
Key Details
Sold Price $2,000,000
Property Type Multi-Family
Sub Type Apt Complx 13+ Units
Listing Status Sold
Purchase Type For Sale
Square Footage 8,183 sqft
Price per Sqft $244
Subdivision Al Tahoe 1
MLS Listing ID 129460
Sold Date 07/20/18
Bedrooms 20
Year Built 1964
Lot Size 0.459 Acres
Acres 0.4591
Property Sub-Type Apt Complx 13+ Units
Property Description
If you have heard the saying Location, Location, Location, then you will understand what this truly means when you see this 19 unit apartment complex located across the street from the beach park at Lake Tahoe. Some of the units even have lake views! The Lakeview Manor Apartment Complex is comprised of three separate two story buildings. Building One was built in 1961 and has 4,032 SF of living area with 7 units. Building Two was built in 1964 and has 1,932 SF of living area and 4 units, and Building Three was built in 1952, has 2,219 SF of living area with 8 units. There are 9 studio units averaging $700/mo rent, 9-one bedroom /1 bath units averaging $950/mo rent and 1- two bedroom/ 1 bath unit renting for $1,200/mo. Many of the units have been upgraded with slab granite counters, newer cabinetry, newer vinyl carpet & ceramic tile floors and upgraded baths. Some of the small studios have knotty pine cabinetry, walls & pine ceilings. A property like this rarely becomes available!
Location
State CA
County El Dorado
Area Al Tahoe
Interior
Heating Natural Gas, Wall or Space Heater
Cooling Natural Gas, Wall or Space Heater
Laundry Common
Exterior
Exterior Feature Patio/Balcony
Garage Spaces 23.0
Utilities Available NaturalGasAvailable, City Water, City Sewer, Cable TV, High Speed Internet, Water-Flat Rate
Roof Type Composition,Metal
Building
Story Two Story
Foundation Slab
Water Natural Gas
Others
Acceptable Financing Cash
Listing Terms Cash
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