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Welcome to an exceptional investment opportunity in the heart of South Lake Tahoe. This turn-key 5-unit building offers the ideal combination of location, strong rental demand, and recent capital improvements, making it an attractive addition to any real estate portfolio.Perfectly situated between the crystal-clear waters of Lake Tahoe and the world-renowned Heavenly Ski Resort, this property places tenants just minutes from downtown, Stateline casinos, the Heavenly Gondola, Whole Foods, shopping, restaurants, hiking, biking, and year-round recreation. With South Lake Tahoe's consistently high demand for long-term rentals, investors will appreciate both the immediate cash flow potential and long-term appreciation opportunities.The property features 11 bedrooms across five well-designed units, including four spacious 2-bedroom, 1.5-bath residences and one larger 3-bedroom, 2-bath unit complete with laundry hookups. Each unit enjoys backyard outdoor space that tenants value, while the parking lot provides ample off-street parking.Significant recent improvements enhance both value and peace of mind, including a brand-new roof, three beautifully updated units featuring fresh, modern finishes, and a brand-new balcony currently being rebuilt. A dedicated common area also presents the opportunity to add shared laundry facilities for the four 2-bedroom units, creating additional convenience for tenants and potential for increased income.Whether you're expanding an established investment portfolio or acquiring your first multifamily asset, this well-maintained, income producing property offers the rare combination of a prime Tahoe location, thoughtful updates, value-add potential, and strong rental fundamentals. All at a price designed to attract savvy investors. Don't miss this opportunity to own a 5 unit multifamily property in one of California's most sought-after mountain communities.

11 Beds ⋅ 8 Baths ⋅ 143277 MLS

Welcome to an exceptional investment opportunity in the heart of South Lake Tahoe. This turn-key 5-unit building offers the ideal combination of location, strong rental demand, and recent capital improvements, making it an attractive addition to any real estate portfolio.Perfectly situated between the crystal-clear waters of Lake Tahoe and the world-renowned Heavenly Ski Resort, this property places tenants just minutes from downtown, Stateline casinos, the Heavenly Gondola, Whole Foods, shopping, restaurants, hiking, biking, and year-round recreation. With South Lake Tahoe's consistently high demand for long-term rentals, investors will appreciate both the immediate cash flow potential and long-term appreciation opportunities.The property features 11 bedrooms across five well-designed units, including four spacious 2-bedroom, 1.5-bath residences and one larger 3-bedroom, 2-bath unit complete with laundry hookups. Each unit enjoys backyard outdoor space that tenants value, while the parking lot provides ample off-street parking.Significant recent improvements enhance both value and peace of mind, including a brand-new roof, three beautifully updated units featuring fresh, modern finishes, and a brand-new balcony currently being rebuilt. A dedicated common area also presents the opportunity to add shared laundry facilities for the four 2-bedroom units, creating additional convenience for tenants and potential for increased income.Whether you're expanding an established investment portfolio or acquiring your first multifamily asset, this well-maintained, income producing property offers the rare combination of a prime Tahoe location, thoughtful updates, value-add potential, and strong rental fundamentals. All at a price designed to attract savvy investors. Don't miss this opportunity to own a 5 unit multifamily property in one of California's most sought-after mountain communities.

3685 Tamarack Ave, South Lake Tahoe

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Data last updated on 06/28/2017.

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Northern Nevada Regional MLS. Real estate listings held by brokerage firms other than owner of this page are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers.

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