866 Southwood BLVD Boulevard new Save Request In-Person Tour Request Virtual Tour
Incline Village,NV 89451
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 6,074 sqft
Price per Sqft $534
MLS Listing ID 250051579
Year Built 1965
Annual Tax Amount $8,891
Lot Size 0.285 Acres
Acres 0.29
Lot Dimensions 0.29
Property Sub-Type Multi Family
Property Description
Great Opportunity in Lake Tahoe, the Heart of Incline Village, NV Fabulous Location walk to the coveted beaches, Hyatt, restaurants, shops, markets, recreation center, and beautiful hiking trails just 3 blocks from Lakeshore Blvd. 2 18 hole golf courses a few minutes away. Prime property built 1965, pre TRPA-grandfathered coverage. 6 Unit apartment building located on the Lake side of Tahoe Blvd consists of: 5 2bd. 1 bath apts and 1 large 3 bd. 2 bath apt. with 35' balcony. All units light & bright 14 car parking lot The building has been renovated including beautiful New kitchens, new bathrooms, new front doors, new flooring throughout, newer baseboard heaters and new metal roof with heated gutters. New sewer line, new water line, water meter, new windows/sliders 2/3 of the bldg. new retaining wall, new paver walkways & parking lot Common area laundry room with coin operate washer/dryer, electric water heater and storage lockers for each unit. Large yard w/covered sitting area, dry creek bed, landscape lighting in the over 12,400 sq.ft. lot. Huge upside of 300k plus annually if operated as short term rentals. There is No rent control, No state of Nevada income taxes and No state inheritance taxes.
Location
State NV
County Washoe
Zoning Multifamily
Rooms
Basement Unfinished
Interior
Heating Baseboard,Electric
Flooring Tile
Fireplaces Number 1
Fireplaces Type Free Standing,Gas
Fireplace Yes
Laundry Common Area,In Hall
Exterior
Parking Features Concrete,Lighted,On Site,Paved
Utilities Available Cable Available,Electricity Available,Internet Available,Phone Available,Sewer Connected,Water Connected
View Y/N No
Roof Type Composition,Flat,Metal
Garage No
Building
Lot Description Gentle Sloping
Story 2
Foundation Brick/Mortar,Full Perimeter
Water Public
Structure Type Block,Frame,Stucco
Others
Tax ID 132-222-08
Acceptable Financing 1031 Exchange,Cash,Conventional
Listing Terms 1031 Exchange,Cash,Conventional