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Four-unit multifamily investment property at 1039 & 1041 Fern, South Lake Tahoe, CA, offering four fully leased units walking distance to Stateline casinos and the new Target-anchored Heavenly Village shopping center. This turnkey fourplex generates $6,720 in monthly gross rent across a mix of 2- and 3-bedroom floor plans, ideal for an investor seeking immediate cash flow near Heavenly Mountain Resort.Unit 1039 #1 is a 2-bedroom, 1-bath layout. Unit 1039 #2 offers 3 bedrooms and 1 bath. Unit 1041 #1 is the largest of the four, a 3-bedroom, 2-bath unit. Unit 1041 #2 rounds out the property with 2 bedrooms and 1 bath. All four units include ranges and refrigerators that convey with the sale, and three of the four units include in-unit washers and dryers that convey as well.Located minutes from Lake Tahoe Boulevard, the property sits within walking distance of Stateline, NV, and the area's newest retail and grocery development, putting tenants close to dining, casinos, and daily conveniences without a car. Heavenly Mountain Resort's gondola and base facilities are a short drive away, a consistent draw for year-round tenant demand.Current rents are largely at market with clear upside for a new owner to capture rent growth across the unit mix. Offered at a 6.17% cap rate on current income, this is an attractive setup for a 1031 exchange buyer seeking a stabilized, income-producing asset in one of Tahoe's tightest rental markets. With gross rents of $6,720 per month against modest fixed operating costs, this fourplex offers a straightforward path to consistent cash flow just steps from Stateline and Heavenly.

10 Beds ⋅ 5 Baths ⋅ 143502 MLS

Four-unit multifamily investment property at 1039 & 1041 Fern, South Lake Tahoe, CA, offering four fully leased units walking distance to Stateline casinos and the new Target-anchored Heavenly Village shopping center. This turnkey fourplex generates $6,720 in monthly gross rent across a mix of 2- and 3-bedroom floor plans, ideal for an investor seeking immediate cash flow near Heavenly Mountain Resort.Unit 1039 #1 is a 2-bedroom, 1-bath layout. Unit 1039 #2 offers 3 bedrooms and 1 bath. Unit 1041 #1 is the largest of the four, a 3-bedroom, 2-bath unit. Unit 1041 #2 rounds out the property with 2 bedrooms and 1 bath. All four units include ranges and refrigerators that convey with the sale, and three of the four units include in-unit washers and dryers that convey as well.Located minutes from Lake Tahoe Boulevard, the property sits within walking distance of Stateline, NV, and the area's newest retail and grocery development, putting tenants close to dining, casinos, and daily conveniences without a car. Heavenly Mountain Resort's gondola and base facilities are a short drive away, a consistent draw for year-round tenant demand.Current rents are largely at market with clear upside for a new owner to capture rent growth across the unit mix. Offered at a 6.17% cap rate on current income, this is an attractive setup for a 1031 exchange buyer seeking a stabilized, income-producing asset in one of Tahoe's tightest rental markets. With gross rents of $6,720 per month against modest fixed operating costs, this fourplex offers a straightforward path to consistent cash flow just steps from Stateline and Heavenly.

1039 Fern Rd, South Lake Tahoe

Located within walking distance of Stateline and with convenient access to the Heavenly Gondola, this classic A-frame cabin offers an exceptional opportunity to create your ideal Tahoe retreat. Featuring 2 bedrooms, 1.5 bathrooms, and approximately 864 sq. ft. of living space, the home has been taken down to the studs and is ready for a complete remodel. Whether you're seeking a full-time residence, vacation getaway, or investment property, this is your chance to bring your vision to life. Conveniently located near shopping, dining, hiking, biking, skiing, and the year-round recreation Lake Tahoe is known for. The property is being sold in its present condition. Cash offers only.

2 Beds ⋅ 2 Baths ⋅ 143224 MLS

Located within walking distance of Stateline and with convenient access to the Heavenly Gondola, this classic A-frame cabin offers an exceptional opportunity to create your ideal Tahoe retreat. Featuring 2 bedrooms, 1.5 bathrooms, and approximately 864 sq. ft. of living space, the home has been taken down to the studs and is ready for a complete remodel. Whether you're seeking a full-time residence, vacation getaway, or investment property, this is your chance to bring your vision to life. Conveniently located near shopping, dining, hiking, biking, skiing, and the year-round recreation Lake Tahoe is known for. The property is being sold in its present condition. Cash offers only.

1065 Moss Rd, South Lake Tahoe

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Data last updated on 06/28/2017.

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