1031 Moss Rd - Apartments FOR SALE


South Lake Tahoe, CA 96150
$2,295,000 USD
530-525-2304
1031 Moss Rd, South Lake Tahoe, CA for Sale
$2,295,000 USD
Apartments - FOR SALE
1/6
null | 6.4% Cap Rate

1031 Moss Rd
South Lake Tahoe, CA 96150


HIGHLIGHTS

  • Fully Renovated: This property boasts a complete renovation, ensuring a turnkey investment opportunity for discerning investors.
  • Strategic Location: Property is situated walking distance from Heavenly Village and Shops, Heavenly Ski Resort Gondola and Casinos.
  • Unit Mix: The property consists of 5 studios, 5 two(2)-bedroom/ (1)one-bathroom units, and 2 one (1)-bedroom/one(1) -bathroom units.

OVERVIEW

NAI Tahoe Sierra is pleased to present the offering of a fully renovated and leased 12-unit apartment complex in the heart of South Lake Tahoe. Property was renovated in 2021 through 2022 and opened for leasing in 2022 which is now fully stabilized. This prime commercial real estate offering presents an excellent investment opportunity, boasting a strategic location and a blend of unit configurations to cater to diverse tenant needs. Situated at 1031 Moss Road, this property is located walking distance from Heavenly Village and Shops, Heavenly Ski Resort Gondola, Casinos, and Tahoe Blue Event Center. Residents can enjoy easy access to major employers, popular tourist attractions, entertainment venues, dining options, and outdoor recreational activities. The property consists of 5 two (2) -bedroom/ (1) one-bathroom units, 5 studios, and 2 one (1) -bedroom/one (1) -bathroom units. This property boasts a complete renovation, including a brand-new roof, upgraded electrical systems, modern plumbing, and enhanced parking surface.

FOR SALE DETAILS

PRICE

$2,295,000 USD

PRICE/SF

$392 USD /SF

# OF UNITS

12

PRICE/UNIT

$191,250

CAP RATE

6.4%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1962

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,018 SF

ZONING

HDR

APN/PARCEL ID

029-351-012-000

ASK ABOUT THIS PROPERTY

Scott FairNAI Tahoe SierraMore Info
530-525-2304

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Scott FairNAI Tahoe SierraMore Info
530-525-2304

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.