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3546 Spruce Ave
South Lake Tahoe, CA 96150

$3,790,000 USD

Apartments For Sale  •  9,863 SF

Property Details

  • Property Type Apartments
  • Total Building Size 9,863 SF
  • Lot Size 0.53 AC
  • Building Class C
  • Year Built 1960
  • Zoning LDR
0 Transit Score
58 Walk Score

Highlights

Property Composition: 10-Unit Multi-Unit Building and two (2) Freestanding 2BD/2BA Houses totaling 12 units.
Property is master leased to a corporate credit tenant for employee housing.
Lessee is responsible for utilities, management, and maintenance.
Lease Term: 5 years with two (2) one (1) year options
Rental Increases: 6% annually
The property has undergone a comprehensive and recent remodel. All units are in brand new condition and feature updated appliances.

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 12
Type: Surface
Included in Rent: Yes
Scott Fair 530-525-2304 NAI Tahoe Sierra
Scott Fair 530-525-2304 NAI Tahoe Sierra