Near Stateline & Heavenly Ski Area. Good.. Multi-Family
3688 Aspen Ave South Lake Tahoe, Ca 96150 South Lake Tahoe, CA 96150
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$70,0000 Beds
0 Baths
680 Sq.Ft.
Near stateline & heavenly ski area. Good rental records with little vacancies. Left side is updated and rents for $500 and now vacant with ebox; right side not updated and rents for $475. Backs conservancy lot for privacy. Highest/best use in future would be to tear-down and build a modern two story duplex condo with garages. Until then, gross income is about $11,700 annually and owner pays utilties ($1,291 for 2011) out of that. Six sewer units are being paid for. Other expenses for 2011: sewer $735. 96; water $426. 36; refuse $572. 72; snow removal (seasonal rate) $600. One each electrical & gas meter; one (gas) hot water heater. Dirt driveway; no bmp's/or assessment; appears to be on partial perimeter foundation/post piers/slab (hot water heater shed). This is a short sale subject to lender approval.
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