866 Southwood Blvd 6 Unit Apartment Building $2,579,900 ($429,983/Unit) 5.81% Cap Rate Incline Village, NV 89451

GREAT DEAL FOR CASH OFFERS & 30 day COE. Motivated Seller. RARE Opportunity in North Lake Tahoe, the Heart of Incline Village, NV. Fabulous area, walk to the coveted beaches, Hyatt, restaurants, shops, markets, recreation center, and beautiful hiking trails just 3 blocks from Lakeshore Blvd. Two 18 hole golf courses a few minutes away. Prime property built 1965, pre TRPA-grandfathered coverage. Tax Depreciation on capital improvements. 5.81% CAP RATE 6 Unit apartment building located on the Lake side of Tahoe Blvd consists of: 5 2bd. 1 bath apts and 1 large 3 bd. 2 bath apt. with 30’ balcony. One apt. is a corporate rental. All units light & bright 14 car parking lot The building has been renovated including beautiful New kitchens, new bathrooms, new front doors, new flooring throughout, newer baseboard heaters and new metal roof with heated gutters. New water line, water meter, sewer cleanout, new windows/sliders 2/3 of the bldg. new retaining wall, new paver walkways & parking lot. Common area laundry room with coin operate washer/dryer, electric water heater and storage lockers for each unit. Large yard w/covered sitting area, dry creek bed, landscape lighting in the over 12,400 sq.ft. lot. LOWER ELEVATION, Huge upside of 300k plus annually if operated as short term rentals. There is No rent control, No state of Nevada income taxes and No state inheritance taxes. 30(5 passes per unit) IVGID annual passes for Incline Village Recreation Center, Ski pass discount and access to Private beaches. Perfect for owner/user for vacation or permanent resident. Cooperation with brokers. Email: Cdesign4you@gmail.com