673 James AVE new Save Request In-Person Tour Request Virtual Tour
South Lake Tahoe,CA 96150
Key Details
Property Type Multi-Family
Sub Type 5 or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 4,272 sqft
Price per Sqft $327
MLS Listing ID 225092159
HOA Y/N No
Year Built 1965
Lot Size 10,890 Sqft
Acres 0.25
Property Sub-Type 5 or More Units
Source MLS Metrolist
Property Description
Colliers is pleased to present 673 James Ave, a rare opportunity to purchase a well-kept and fully remodeled five-plex on an oversized lot located in the beautiful South Lake Tahoe area. The property is located just ten minutes from Heavenly ski Village and Stateline Nevada. The subject property was extensively remodeled, including new electrical and plumbing throughout both buildings while keeping a beautiful South Lake Tahoe look. It is truly a turnkey asset for the next investor. The property was originally built in 1965 but after a significant remodel it has the appearance of a newly constructed community that meets the gentrification rapidly occurring in South Lake Tahoe. The building consists of one- and two-bedroom units and plenty of on-site parking. There are two, 1-bedroom/1-bathroom units, one 2-bedroom/2-bathroom unit and two 2-bedroom/2-bathroom units with fireplaces. Each unit is individually metered for gas and electricity with the owner paying for water, sewer and garbage, common area lighting and heating of the water heaters. The property comes equipped with two parking garages/storage units that are both rented for $100/each adding an additional $2,400/ year in rental income.
Location
State CA
County El Dorado
Area 13301
Direction Corner of James Avenue and 12th Street in South Lake Tahoe CA
Interior
Heating Central,Wall Furnace,Hot Water,Varies by Unit
Cooling Central,Varies by Unit
Flooring Carpet,Vinyl,Varies by Unit
Equipment Low-Flow Toilet(s),Low-Flow Shower(s)
Laundry In Common Area,Varies by Unit
Exterior
Parking Features Attached,Off Street,Detached,Uncovered,Garage Door Opener
Utilities Available Natural Gas Connected,Cable Connected,Electric,Other
Water Access Desc Public,Other
Total Parking Spaces 5
Building
Lot Description None
Story 2
Foundation Raised, Slab
Sewer Sewer Connected,Public Sewer,Other
Water Public,Other
Schools
Elementary Schools Lake Tahoe Unified
Middle Schools Lake Tahoe Unified
High Schools Lake Tahoe Unified
School District El Dorado
Others
Senior Community No
Tax ID 023-151-023
Special Listing Condition Offer As Is,Other