2581 Elwood Avenue South Lake Tahoe CA 96150 | 136730

Newly painted 6 unit building with many upgrades.Large 600 sf apartments with open floor plansModern kitchens with islands or peninsulas. Front entry stairs recently built with steel and concrete. Exterior has engineered log construction with old Tahoe charm . Perfect for harsh weather conditions. Perfect turnkey building with full occupancy and potential for rent increases. The building had no vacancy for the last 6 years. Professionally appraised in January 2023 at $1,225,000 (the listing price). Current annual gross income is $85,573. Market rate rent would be $108,000 per year. The property has a Certificate of Compliance with the city of South Lake Tahoe.