Colliers is pleased to present 1133 Bonanza Avenue, a rare opportunity to purchase a meticulously maintained and remodeled 8-unit apartment complex in the world-renowned town of South Lake Tahoe. The is an ideal opportunity for work force housing as the Casino's and Heavenly resorts are a key driver for employment in town. This unique investment sits on one large parcel totaling .95 Acres. The subject property comes with all studio units that have been completely remodeled throughout. Remodel includes exposed beam ceilings, new cabinets and countertops, new flooring throughout, new bathroom vanities and shower/tub surrounds. Many of the heaters and hot water heaters have been either replaced or updated. Dual pane windows were replaced throughout the entire property and sewer line was replaced in 2017-2018 as well. The property is zoned High Density Residential (HDR) and allows for 14 units total. 6 additional developable units allowed on-site (Confirm with City).
Property Type :
ResidentialIncome
County :
El Dorado
Style :
ResidentialIncome
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ByOwner last updated this listing 05/18/2024 @ 04:35
MLS: 223111806
LISTED BY: Matthew Sarro, Collier's International CA, Inc.
SOURCE: MLS Metrolist
Buyer Agency Compensation: 2.5%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.
