Investment Property in South Lake Tahoe

Investment Property in South Lake Tahoe Just Listed By Brent and Jill Johnson

1053 Moss Offered at $425,000

This 5 plex is in a great location near stateline, shopping, and the bus routes. The adjacent 5 plex at 3728 Primrose is also for sale by the same owner for $425,000. Both buildings are available to be purchased together for $795,000. There are four 2 bedroom 1 bath units, and one 1 bedroom 1 bath units in this building. There are long term tenants currently occupying 100% of this building. All units are separately metered and the tenants pay for utilities.

• Unit #1 is a 2 bedroom, 1 bath rented for $675
• Unit #2 is a 2 bedroom, 1 bath rented for $675
• Unit #3 is a 1 bedroom, 1 bath rented for $625
• Unit #4 is a 2 bedroom, 1 bath rented for $675
• Unit #5 is a 2 bedroom, 1 bath rented for $750
• Laundry income is $50
• Total monthly income is $3,450

Annual Expenses

• Property insurance $2400
• Property taxes $4700
• Refuse $1620
• Sewer/water $3240
• Gas $1800 (for common water heater)
• Electric $600
• Repairs and Maintenance $1200

If you would like more information on investment properties in South Lake Tahoe, please call South Lake Tahoe Real Estate agent Brent Johnson today!