A 12 unit multi-family property 100% leased to a corporate credit tenant as a master lease for five (5) years with six (6) percent annual rental increases and two (2) one (1) year options. Lessee is responsible for utilities, maintenance, and management. The property is comprised a 10 unit multi-unit building and two (2) freestanding two (2) bedroom houses. The property has recently gone under a full remodel and in brand new condition with all new updated appliances.
Property Details
Price:
$3,988,000
MLS #:
140044
Status:
Active
Baths:
0
Address:
3546 Spruce Avenue
Type:
Multi Family
Subtype:
Apt Build 5-12 Units
Neighborhood:
bijou1
City:
South Lake Tahoe
Listed Date:
Apr 23, 2024
State:
CA
Finished Sq Ft:
9,863
ZIP:
96150
Lot Size:
23,087 sqft / 0.53 acres (approx)
Year Built:
1960
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Community
- Address3546 Spruce Avenue South Lake Tahoe CA
- AreaBijou 1
- CitySouth Lake Tahoe
- CountyEl Dorado
- Zip Code96150
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Courtesy of Thomas Fair of NAI Tahoe Sierra. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the South Tahoe Association of Realtors. Detailed information about real estate listings held by brokerage firms other than Ascent Property Group include the name of the listing broker. Neither the listing company nor Ascent Property Group shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. South Tahoe Association of Realtors. All rights reserved. 3546 Spruce Avenue
South Lake Tahoe, CA
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