Multifamily
673 James Ave
673 James Ave, South Lake Tahoe, CA 96150
Listing Price: $1,500,000
Investment Overview
Marcus & Millichap is pleased to present 673 James Ave, a fully remodeled five-unit building located 10 minutes from Heavenly Ski Village and Stateline, Nevada in South Lake Tahoe. Originally built in 1965, the property has been extensively upgraded over the past 4 years, combining modern interiors with classic Tahoe charm. The complex includes two 1-bedroom/1-bathroom units, one 2-bedroom/2 bathroom unit, and 2 2-bedroom/2-bath units featuring fireplaces.
Additional income is generated from two parking garages/storage units, adding $2,400/year. The property sits on a .25-acre lot with two standalone buildings and ample parking, offering a turnkey investment in the strong rental market of South Lake Tahoe. Don’t miss this opportunity to own a newly remodeled asset in a prime location.
Exclusively Listed By
Financing By
Listing Price: $1,500,000
Investment Highlights
- Seller financing option
- Remodeled Interiors
- Low vacancy market/Market with high barriers to entry.
- Potential to build 2 ADU units on the back portion of the lot
- Turn key opportunity
- Large lot
Investment Overview
Marcus & Millichap is pleased to present 673 James Ave, a fully remodeled five-unit building located 10 minutes from Heavenly Ski Village and Stateline, Nevada in South Lake Tahoe. Originally built in 1965, the property has been extensively upgraded over the past 4 years, combining modern interiors with classic Tahoe charm. The complex includes two 1-bedroom/1-bathroom units, one 2-bedroom/2 bathroom unit, and 2 2-bedroom/2-bath units featuring fireplaces. Additional income is generated from two parking garages/storage units, adding $2,400/year. The property sits on a .25-acre lot with two standalone buildings and ample parking, offering a turnkey investment in the strong rental market of South Lake Tahoe. Don’t miss this opportunity to own a newly remodeled asset in a prime location.
Exclusively Listed By
Financing By
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