$6,120,000

1160 Bowers Avenue , South Lake Tahoe, CA 96150

 
Bedrooms:0 beds
Bathrooms:0 baths
Other:24,169 sqft
Lot:1.25
Year Built:1963
Listing Status:Active

Listing Agent

Michael Phillips
http://RealtyWorldLakeTahoe.com
Loan Amount:
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These amounts are estimates and do not take into consideration other expenses such as PMI, etc.. This is only an estimate.

Description

Exceptional investment opportunity with an attractive CAP rate and current maintenance items performed! Offered for sale is a 27-unit apartment complex occupying two large parcels: 3590 Tamarack Avenue and 1160 Bowers Avenue. Fully occupied, minus the showing unit, this complex has a steady income history and many upgrades! Rents are current! Each unit has individual gas meters, electric has sub-meters and several units have been completely remodeled with contemporary gray tones, shaker-style cabinetry, quality laminate flooring, granite slab counters, and stainless steel appliances. Increase your CAP rate by renovating the remaining units and increasing rents, respectively. Additional streams of income include optional, independently rented garage spaces and two separate on-site coin laundry facilities. Both of the addresses have their own manicured courtyard with lush lawns and irrigation. Beside each address are Forest Service/Conservancy parcels for added privacy and buffering. The entire complex parking areas have been sealed and meticulously repaired this season and have clearly marked designated parking spaces for each unit. Newer roofs, 2008 & 2022, recent exterior paint, and vinyl windows have already been done for you! Near grocery shopping, recreation, the tourist core, and bus lines, getting around town is a breeze from this location!

Detailed Items

Other Information

1160 Bowers Avenue, South Lake Tahoe, CA, 96150 is a other listing of 24,169 sqft on a lot of 1.25. This other listing has 0 bedrooms, and 0 baths. The map for this location can be viewed on Google maps at Google maps to property1160 Bowers Avenue, South Lake Tahoe, CA
Copyright © 2025 South Tahoe Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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