Turn key investment opportunity. This motel has been completely remodeled and is an Exceptional Property in the South Lake Tahoe Single Room Occupancy program. It is fully leased to long term tenants, but the option of nightly rentals is still available. Fully appointed 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, while the smaller building has 4 1BR/1BA units. The owner's unit has intentionally been left vacant so that the buyer can move onto the property or place their own manager on site. One unit is ADA compliant.
|--||New Value: $2,295,000|
|10/31/2019 8:45:00 PM|