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1160 Bowers Ave
South Lake Tahoe, CA 96150

$6,120,000 USD

Apartments For Sale • 24,170 SF

Property Details

Property Type Apartments
Total Building Size 24,170 SF
Lot Size 1.2 AC
Year Built 1963
Cap Rate 5.50 %

0 Transit Score

72 Walk Score

                
                    Highlights
                
                                Near grocery shopping, recreation, the tourist core, and bus lines, getting around town is a breeze from this location!
                            
                                Main remodel in 2008. Continuously upgraded, 8 units just recently 
                            
                                Very low vacancy

Financial Summary (Actual)

Net Operating Income: $336,612 USD (2023)

Cap Rate:	5.50 %
Total Expenses:	$238,852 USD

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	50
Type:	Surface
Included in Rent:	Yes

Michael Phillips 530-544-5395 Realty World - Lake Tahoe

1160 Bowers Ave South Lake Tahoe, CA 96150