Great Income Property for Sale in South Lake Tahoe

3546 Spruce Offered at $1,100,000

Ten Unit Apartment Building and, 2 Homes on One Parcel!

This property includes a 10 unit apartment building and 2 single family homes on one parcel. The apartments are very spacious and the 2 studios have full kitchens. The two houses have washer and dryer hook-ups and separate water heaters. This property is currently 100% occupied with many long term tenants. Great location near Bijou School and public transportation. All of the apartment units are seperatly metered.

• The 2 bedroom, 2 bath house is rented for $875 a month
• The 2 bedroom, 1 bath house is rented for $860 a month
• Unit #1 is a 2 bedroom, 1 bath unit rented for $750 a month
• Unit #2 is a 2 bedroom, 1 bath unit rented for $750 a month
• Unit #3 is a 1 bedroom, 1 bath unit rented for $640 a month
• Unit #4 is a 1 bedroom, 1 bath unit rented for $570 a month
• Unit #5 is a studio rented for $550 a month
• Unit #6 is a studio rented for $540 a month
• Unit #7 is a 1 bedroom, 1 bath unit rented for $625 a month
• Unit #8 is a 1 bedroom, 1 bath unit rented for $$650 a month
• Unit #9 is a 2 bedroom, 1 bath unit rented for $650 a month
• Unit #10 is a 2 bedroom, 1 bath unit rented for $730 a month
• Laundry income is $100 a month
• Total income is $8,290 a month

Annual Expenses

• Property Insurance $3900
• Property Taxes $12,000
• Refuse $3700
• Sewer and Water $4080
• Gas $3500 (for common water heater)
• Electricity $400
• Repairs and maintenance

Please call South Lake Tahoe real estate agent Brent Johnson for more information on this property.