Sarah Benedict
Berkshire Hathaway HomeServices Drysdale Properties
5303185084
02150114
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Overview
View galleriesMulti-Family Investment Opportunity with Bonus Lot!
Fully occupied and ideally located, this 8-unit apartment building at 1222 Sierra Blvd presents a strong income opportunity with room for long-term value growth. The property includes a mix of studio and 1-bedroom units, some with in-unit laundry hookups, and is well-suited for long-term tenants seeking central access to all South Lake Tahoe has to offer.
Included in the sale is the adjacent lot at 2544 Rose Ave (separate APN), currently used as a private parking lot exclusively for tenant use—an added amenity rarely available in multifamily offerings. Both parcels are being sold together, providing expanded utility and future potential.
Offered CAP Rate: 6.46% -- this CAP rate on a fully occupied, well-managed property in South Lake Tahoe is competitive and realistic given current market dynamics.
Located near transit, shops, restaurants, and recreation, this investment benefits from consistently high rental demand.
Do not disturb tenants. Financials available upon request.
Amenities
- Great Schools
- Hardwood Floors
- Close to stores
- Parking
- Two Lots
- Centrally Located
Map
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