Chase International is pleased to announce the sale 941 Alameda, South Lake Tahoe, CA, for $1,143,455 representing the seller, Jim Wire and the buyer, Alora Reynolds.
Welcome to the Twin Pines! This is a 10 unit income property. It consist of a 1 bedroom cabin, 2 - 1 Bedroom units and 7 - Studios. [Note: the smallest of the studios is the only vacancy as it was to be updated last year, but due to Covid, that was postponed]. All of the units have knotty pine walls and newer pergo flooring. All of the tenants have more than a 1 year occupancy. The rents may be lower than the current market. There were recent small rent increases for 4 of the units. The units have separate gas meters. All of the front door entries have keyless locks & tenants have their own codes. There is a common laundry area. There is ample parking with 10 assigned spaces. Incomplete plans are on file with the TRPA to rebuild with just 4 large units plus the cabin and bank some of the entitlements. The cabin was originally built as a ranger station and the other units were an efficiency motel. It is a triple corner lot and a short walk to the lake & eateries.
For more information, please contact: Jim Wire at email@example.com