New Income Property Listing in South Lake Tahoe

3728 Primrose Rd.

5 Plex Near Stateline Offered at $425,000

This 5 plex is in a great location close to Stateline, shopping, and bus lines. There are four 2 bedroom 1 bath units and one 1 bedroom 1 bath unit. All units are separately metered and the tenants pay for their own utilities. Currently 100% occupied with long term tenants, this is a great opportunity to own income property in South Lake Tahoe!

• Unit #1 is a 2 bedroom 1 bath unit rented for $700 a month
• Unit #2 is a 2 bedroom 1 bath unit rented for $720 a month
• Unit #3 is a 1 bedroom 1 bath unit rented for $650 a month
• Unit #4 is a 2 bedroom 1 bath unit rented for $700 a month
• Unit #5 is a 2 bedroom 1 bath unit rented for $750 a month
• Laundry income is $75 a month
• Total income is $3595 a month

Annual Expenses

• Property Insurance $2400
• Property Taxes $4700
• Refuse $1620
• Sewer/water $3240
• Gas $1800 (for common water heater)
• Electric $600
• Repairs/maintenance $1200

The adjacent 5 plex at 1053 Moss is also for sale for $425,000. If both properties are purchased, the price will be discounted to $795,000.

For more information about this property or any other property on the South Lake Tahoe mls, please call South Lake Tahoe Real Estate agent Brent Johnson today!