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Janice Schaaf

janice.schaaf@engelvoelkers.com +1(650) 208-1548

$ 3,249,000

Est. payment -/mo

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New

866 Southwood BLVD Boulevard Incline Village, NV 89451

6,074 SqFt

UPDATED:

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

Listed by Coldwell Banker Select Incline

Janice Schaaf

Global Real Estate Advisor ~ Realtor | License ID: NV 185416 | CA 01768524

+1(650) 208-1548

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