1060 Marjorie Street
South Lake Tahoe, California 96150 United States

$825,000
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Great investment property! CAP rate of 6.9%! Rentals are at a premium in Lake Tahoe. SLT City has indicated the greatest housing need in SLT is for more studios. Multi-Residential complex with 12 studio units and shared a kitchen. Located near...
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Data provided by South Tahoe Association of REALTORS MLS

Phone: 530.592.0330
$825,000
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Price / Sq. Ft.:
$71 /
11,674 Sq Ft.
Interior
.27 Acres
Exterior
Multi-Family Home
1966
Year Built
122401
Web Id
122401
MLS ID
Johnson Acres 2
Subdivision
1,198
days ago

About 1060 Marjorie Street

Great investment property! CAP rate of 6.9%! Rentals are at a premium in Lake Tahoe. SLT City has indicated the greatest housing need in SLT is for more studios. Multi-Residential complex with 12 studio units and shared a kitchen. Located near shopping, bank & bus route. 100% occupied. 12- studio/bathroom units; Two units have fireplaces; one unit has a full kitchen with FP; shared kitchen facility on 2nd floor. Efficient radiator heat. Over $150,000 in renovations:newly painted; renovated,including dual pane windows, refinished parking area with striping, renovated interiors & more! Managed by local rental agency. Multi-zoned vacant parcel to right is also for sale-$110,000- MLS #122429. Call listing agent for more information.

Listing Courtesy of Coldwell Banker McKinney & Associates

PROPERTY INFORMATION

Garage Info
0
Heating
Forced Air, Natural Gas, Fireplace, Other/See Remarks
Parking Description
0

EXTERIOR

Construction
Wood Frame, Wood Siding
Roofing
Composition