This 12-unit multifamily community sits approximately 0.28 acres with around 4, 835 +/- rentable square feet (Please confirm with City). The property is a single-story complex on a very spacious lot with extra space and pathed walking path for the tenants enjoyment. The unit mix consists of (1) 2-Bedroom unit, (4) 1-Bedroom units and (7) Studios. Upgrades include some granite kitchen countertops and new cabinets, new bathroom vanities, updated flooring in the kitchen, dining area, and living room with wall/heat air systems in the living area. Tenants are responsible for utilities within their living space; however, a new owner should consider implementing a Ratio Utility Billing System (RUBS). 2975 Sacramento Avenue and 851 Capistrano Ave, South Lake Tahoe is a turn key apartment property located in the world-renowned South Lake Tahoe region. The property is located less than ten minutes from Heavenly ski Village and Stateline Nevada. The subject property was extensively remodeled on the exterior with light interior upgrades, while keeping a beautiful South Lake Tahoe look. The property was originally built in 1955/1958 but after a significant remodel it has the appearance of a newer apartment community that meets the gentrification rapidly occurring in South Lake Tahoe.
