Description
Turn key investment opportunity. This 17 Unit former motel has been completely remodeled and is an Exceptional Property in the South Lake Tahoe Single Room Occupancy program. This is the first SRO in South Lake Tahoe to be awarded exceptional status 3 years in a row, which allows for building department inspections every three years rather than every year. It is 100% leased to long term tenants, but the option of nightly rentals is still available. Full kitchens have been added to all of the units. The kitchens feature a gas range with hood, full size refrigerator, large sink, tiled countertops and plenty of cabinet space. The units are fully furnished, many with quality loft beds to create more living space. The larger building has 11 studios, a 1-BR/1BA, and a 3RB/2BA owners unit. The smaller building has 4 1BR/1BA units. One unit is ADA compliant. This is great opportunity to live in Lake Tahoe and have passive income. Live on-site and manage the property yourself to maximize income
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0BEDS
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0.42ACRES
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0BATHS
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01/2 BATHS
School Information
Description
Turn key investment opportunity. This 17 Unit former motel has been completely remodeled and is an Exceptional Property in the South Lake Tahoe Single Room Occupancy program. This is the first SRO in South Lake Tahoe to be awarded exceptional status 3 years in a row, which allows for building department inspections every three years rather than every year. It is 100% leased to long term tenants, but the option of nightly rentals is still available. Full kitchens have been added to all of the units. The kitchens feature a gas range with hood, full size refrigerator, large sink, tiled countertops and plenty of cabinet space. The units are fully furnished, many with quality loft beds to create more living space. The larger building has 11 studios, a 1-BR/1BA, and a 3RB/2BA owners unit. The smaller building has 4 1BR/1BA units. One unit is ADA compliant. This is great opportunity to live in Lake Tahoe and have passive income. Live on-site and manage the property yourself to maximize income
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