3671 Spruce Avenue
- Renovated multifamily investment opportunity in South Lake Tahoe, CA.
- Eight-unit multifamily property situated on approximately ±0.23 acres.
- Established cash-flowing investment with in-place rental income.
- Convenient South Lake Tahoe location near Heavenly Ski Resort and Highway 50.
Property Description
3671 Spruce Avenue, South Lake Tahoe, CA presents an opportunity to acquire an eight-unit multifamily property situated on approximately ±0.23 acres. The property consists of a single building totaling approximately ±5,088 rentable square feet and includes eight one-bedroom, one-bathroom apartment units. Originally constructed in 1966, the property underwent extensive renovations in 2022 and currently generates approximately $13,700 in monthly rental income, equating to approximately $164,400 in annual gross rental income.
Key Property Information
| Listing Status: | Unavailable |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $1,749,950 |
| No. of Units: | 8 |
| Year Built: | 1966 |
| Lot Size: | 0.23 Acres |
| Opportunity Zone: | No |
| Price per unit: | $218,744 |
| Property Website | Click Here |
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