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$550,000
2 Beds ⋅ 2 Baths ⋅ 142709 MLS
This expansive 11,531 square foot lot, zoned for multi-family use, offers incredible potential and numerous opportunities. Situated in a desirable neighborhood, it's just a short drive from Heavenly Ski Resort, shopping centers, and public transportation.The two existing cabins have been thoughtfully updated, featuring new double-pane windows, flooring, carpeting, and modernized kitchens and bathrooms. Unit 1 boasts a spacious 1-bedroom, 1-bathroom layout, currently rented for $1,650. Unit 2, also a 1-bedroom, 1-bathroom unit, comes with a bonus loft space and in-unit washer/dryer, and is rented at $1,500. The property has a single water and sewer bill, while each unit has its own electric meter for separate billing.A land survey conducted in 2006 indicates 5,975 square feet of existing land coverage, which includes a compact dirt driveway. The property also comes with additional allocation and a Residential Unit of Use (RUU), allowing the new owner the option to demolish the current structures and construct large townhouse-style duplexes. Alternatively, the seller has plans in place to maintain Unit 2 as an Accessory Dwelling Unit (ADU) while building a sizable single-family home.This property is brimming with potential, presenting various options to transform it into a fantastic family residence or a lucrative investment opportunity in the heart of South Lake Tahoe!

1357 Susie Lake Rd, South Lake Tahoe
$625,000
4 Beds ⋅ 2 Baths ⋅ 142673 MLS
STR Update: The City of South Lake Tahoe's new STR ordinance is now in effect, and the City has not yet reached its 900-permit residential cap. Buyers interested in STR use should independently verify property eligibility, current permit availability, and application requirements directly with the City.Priced aggressively and ready for improvement, this centrally located South Lake Tahoe fixer offers real square footage, a flat sunny lot, and multiple paths to add value.Close to the lake, Bijou Golf Course, restaurants, shopping, and the city's new Multigenerational Recreation & Aquatics Center, set to open this month, the property also backs to open ball fields near the Boys and Girls Club, giving it a more open feel than most in-town homes. The extra-deep driveway offers plenty of parking and potential room for a future garage.The house is barely connected and lives more like two distinct spaces, each with its own entrance. For a buyer considering hosted rental potential while living in one portion of the home, that setup is worth a serious look, subject to buyer verification. Add a wet bar or kitchenette, add a garage, and the flexibility becomes even more compelling.A brick fireplace, breakfast nook, separate dining area, large laundry space, bonus family room, four bedrooms, two full baths, fenced backyard, and storage shed round out a property with real upside. Not turnkey, but priced accordingly.

3297 Marlette Cir S, 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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