3893 Pioneer Trail - Apartments FOR SALE


South Lake Tahoe, CA 96150
$3,500,000 USD
530-208-7081
3893 Pioneer Trail, South Lake Tahoe, CA for Sale
$3,500,000 USD
Apartments - FOR SALE
1/30
null | 7.69% Cap Rate

3893 Pioneer Trail
South Lake Tahoe, CA 96150


HIGHLIGHTS

  • Walk to Lake Tahoe, Heavenly Ski resort Gondola, Casinos and Heavenly Village

OVERVIEW

This 20 unit complex, encompassing two separate parcels, presents an incredible opportunity for investors looking in the Tahoe market. A short walk to the Heavenly Ski Resort Gondolas, Heavenly Village, and all of the Casinos, the units rent well to local workers, people looking for ski-leases and summer rentals as well as those looking for a more walkable lifestyle. The property has been brought completely up to code and 50% of the units have been remodeled with new PVC Flooring, new kitchens, new bathrooms, and paint. Building exterior is slated to have new windows installed, all new paint and driveway repaving as soon as the weather permits. All square footage and number of units represents a combination of both 3893 and 3897 Pioneer Trail. All information deemed reliable but not Guaranteed.

FOR SALE DETAILS

PRICE

$3,500,000 USD

PRICE/SF

$253 USD /SF

# OF UNITS

20

PRICE/UNIT

$175,000

CAP RATE

7.69%

% LEASED

85%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Monte Verdi Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1965

PARKING SPACES

16

LAND DETAILS

LAND ACRES

0.29 AC

LAND SF

12,645 SF

ZONING

TC

APN/PARCEL ID

029-162-003-000,029-162-004-000

ASK ABOUT THIS PROPERTY

Angela RobertsMountain Luxury PropertiesMore Info
530-208-7081

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Angela RobertsMountain Luxury PropertiesMore Info
530-208-7081

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