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    3773 Pioneer Trail

    South Lake Tahoe, CA 96150
    • $3,495,000
    • STATUS: Active
    • ON SITE: 86 days
    • MLS #: 20037508
    UPDATED: 13 min ago
    $3,495,000
    • 0
      BEDS
    • 0.84
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1974
    County:

    School Information

    Elementary School:
    Middle School:
    High School:
    School District:

    Description

    Going in Cap of almost 5.5% as of Jan 1, Proforma Cap of 6%! Amazing investment opportunity to own a well performing complex in an area with highly restrictive building regulations. This four building townhouse style complex has been remodeled and includes new kitchens & baths with granite counters, new roofs, landscaping , door & windows and remodeled interiors. Additionally, the property has its own rental website and onsite security cameras. The complex has a mix of 12 one bedroom and 6 two bedroom units. Some tenants have resided there for over 20 years. The property is located in the highly desirable area of South Lake Tahoe that is within walking distance to Heavenly Village & Ski resort. South Lake Tahoe has some of the most restrictive regulations on new building in the country, which makes competing developments almost impossible to build.

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    © 2020 MetroList® MLS. All rights reserved. All measurements and all calculations of area are approximate. Information provided by Seller/Other sources, not verified by Broker. All interested persons should independently verify accuracy of information. Provided properties may or may not be listed by the office/agent presenting the information. Data last updated 2020-09-25T08:37:58.983. MetroList® MLS Terms of Use. IDX provided by BoomTown.
    www.merlinohometeam.com/homes/107380103
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    3773 Pioneer Trail South Lake Tahoe, CA 96150

    • Price: $3,495,000
    • Status: Active
    • Updated: 13 min ago
    • MLS #: 20037508
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.84
    Acres
    1974
    Built
    Neighborhood:
    South Lake Tahoe
    County:
    El Dorado
    Area:
    South Lake Tahoe
    Elementary School:
    Tahoe-Truckee
    Middle School:
    Tahoe-Truckee
    High School:
    Tahoe-Truckee
    School District:
    El Dorado
    Property Description
    Going in Cap of almost 5.5% as of Jan 1, Proforma Cap of 6%! Amazing investment opportunity to own a well performing complex in an area with highly restrictive building regulations. This four building townhouse style complex has been remodeled and includes new kitchens & baths with granite counters, new roofs, landscaping , door & windows and remodeled interiors. Additionally, the property has its own rental website and onsite security cameras. The complex has a mix of 12 one bedroom and 6 two bedroom units. Some tenants have resided there for over 20 years. The property is located in the highly desirable area of South Lake Tahoe that is within walking distance to Heavenly Village & Ski resort. South Lake Tahoe has some of the most restrictive regulations on new building in the country, which makes competing developments almost impossible to build.
    Exterior Features

    Approx Elevation 0 Construction Wood Covered Parking Spaces 0 Exterior Wood Miscellaneous Features Deck UncoveredVaries By Unit Parking 1 Space Per Unit Roof Comp Shingle Stories 2 Style Ranch Uncovered Parking Spaces 26

    Interior Features

    Air None Equipment None Floor Coverings CarpetTile Furnished None Heat Baseboard Kitchen Appliances DisposalOven Elec B/IOven Elec F/SRefrigerator F/S Unit1 Bedrooms 2 Unit1 Full Baths 1 Unit1 Half Baths 0 Unit1 Sq Ft 850 Unit2 Bedrooms 1 Unit2 Full Baths 1 Unit2 Half Baths 0 Unit2 Sq Ft 600 Unit3 Bedrooms 1 Unit3 Full Baths 1 Unit3 Half Baths 0 Unit3 Sq Ft 600 Unit4 Bedrooms 1 Unit4 Full Baths 1 Unit4 Half Baths 0 Unit4 Sq Ft 600

    Property Features

    1 Bedroom Units 12 2 Bedroom Units 6 3 Bedroom Units 0 Amenities None CCRs No Cross Street Address Aspen Energy Features 220 VoltsDual Pane Full HOA No Hoa Dues 0 Individual Units 18 Multifamily Type 5 Or More Units Special Listing Condition None Studio Units 0 Tenant Pays ElectricGas/Propane Total Leasable 18 Unit1 Rent 1610 Unit2 Rent 1071 Unit3 Rent 1200 Unit4 Rent 1200 Year Remodeled 0 Zoning Muilti Family

    Listing provided courtesy of John E Mcintosh, Broker. Listing information © 2020 MetroList Services, Inc.


    © 2020 MetroList® MLS. All rights reserved. All measurements and all calculations of area are approximate. Information provided by Seller/Other sources, not verified by Broker. All interested persons should independently verify accuracy of information. Provided properties may or may not be listed by the office/agent presenting the information. Data last updated 2020-09-25T08:37:58.983. MetroList® MLS Terms of Use. IDX provided by BoomTown.
     
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