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1031 Reno Ave - Reno Ave Apartments 7 Unit Apartment Building Offered at $1,378,065 CAD at a 4.34% Cap Rate South Lake Tahoe, CA 96150
Investment Highlights
- Great rental area
- Close to 15,000 square feet of land.
- 3 separate parcels all included
Executive Summary
Centrally located 7 rental units on 3 separate lots. One gas meter and one electric meter so owner pays the utilities. 1029 Reno APN 031-082-016 duplex, 1031 Reno Ave, APN 031-082-017 duplex plus studio cabin, 1035 Reno APN 031-082-018 duplex. New owner is in the process of painting and cleaning up the property over the next few months. This price is an amazing opportunity. Potential to demolish the building and build 3 separate new homes or 3 duplexes.
Property Facts
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Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 031-082-016-000 | Improvements Assessment | $353,031 CAD |
| Land Assessment | $151,299 CAD | Total Assessment | $504,330 CAD |
Property Taxes
Parcel Number
031-082-016-000
Land Assessment
$151,299 CAD
Improvements Assessment
$353,031 CAD
Total Assessment
$504,330 CAD
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1031 Reno Ave - Reno Ave Apartments
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