920 Alameda Ave
- +/- 5,844 SF building originally constructed in 1957 as a hotel
- 15-unit SRO multifamily property in Al Tahoe
- Currently operated as long-term SRO rentals
- Flexible use: continue SRO or convert to short-term rentals/hotel
- Stable in-place income in an established South Lake Tahoe neighborhood
Property Description
NAI Tahoe Sierra is pleased to announce the listing of 920 Alameda Ave, a 15-unit SRO multifamily property located in the Al Tahoe neighborhood of South Lake Tahoe. The +/- 5,844 square foot building, originally constructed in 1957 as a hotel, is currently operated as long-term SRO rentals. An investor can continue operation as an SRO or convert the property to short-term rentals, including a return to its original hotel use. The asset offers stable in-place income within an established residential neighborhood.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $2,050,000 |
| No. of Units: | 15 |
| Average Occupancy: | 5.37 |
| Year Built: | 1957 |
| Lot Size: | 0.35 Acres |
| Opportunity Zone: | No |
| Price per unit: | $136,667 |
| Property Website | Click Here |
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