1224 Ski Run Blvd | South Lake Tahoe, CA 96150
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- LoopNet Team
1224 Ski Run Blvd
South Lake Tahoe, CA 96150
Price Reduced! Ski Run Apartments · Multifamily Property For Sale
·
36 Units
INVESTMENT HIGHLIGHTS
- Assumable $4,800,000, 3.25% Interest-Only Loan Allowing for an Above Market Cash-on-Cash Return
- Vacant 0.27 Acre Contiguous Parcel to be Conveyed with the Sale, Allowing for Potential Development of More Units or Amenities
- Strong Unit Mix That Includes Studio, One-Bedroom, Two-Bedroom and Three-Bedroom Floor Plans.
- Over $2M of Recent Capital Improvements (2020 - 2022)
- Walking Distance to Lake Tahoe Blvd, Which Includes a Plethora of Retail, Hospitality, Nightlife, Bars and Restaurants
PROPERTY FACTS
| No. Units | 36 | Lot Size | 1.10 AC |
| Property Type | Multifamily | Building Size | 29,650 SF |
| Property Subtype | Apartment | Average Occupancy | 100% |
| Apartment Style | Low-Rise | No. Stories | 3 |
| Building Class | C | Year Built/Renovated | 1963/2021 |
| Zoning | TC - Improved Multi Res | ||
| No. Units | 36 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.10 AC |
| Building Size | 29,650 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1963/2021 |
| Zoning | TC - Improved Multi Res |
AMENITIES
UNIT AMENITIES
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
SITE AMENITIES
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 2 | - | 750 |
| 1+1 | 12 | - | 750 |
| 2+1 | 21 | - | 850 |
| 3+2 | 1 | - | 1,300 |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $6,543,000 | |
| Land Assessment | $1,785,000 | Total Assessment | $8,328,000 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$1,785,000
Improvements Assessment
$6,543,000
Total Assessment
$8,328,000
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