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$695,000
Est. payment /mo
3 Beds
8,712 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Subdivision Tahoe Island Park 1
MLS Listing ID 142989
Bedrooms 3
Year Built 1958
Lot Size 8,712 Sqft
Acres 0.2
Property Sub-Type Duplex
Property Description
Great opportunity situated on a corner lot in South Lake Tahoe's beloved Tahoe Island neighborhood. This listing includes two separate homes on a single parcel, offering a level of flexibility that's hard to come by in the Tahoe market.The main home is a two bedroom one bath with a one car garage. An additional one bedroom one bath home sits alongside it. Both are ready for a new owner to update them and make them their own. Tahoe Island is one of those neighborhoods that locals genuinely love. It's established, peaceful, and well located in South Lake Tahoe close to the lake, the mountains, and everything that makes Tahoe living worth it.The options here are real. Live in one home and rent the other. Use both as income generating rentals. Renovate and hold. The South Lake Tahoe rental market is strong year-round, and a two-unit property gives you room to build a strategy that fits your goals.The seller is also open to financing the property which can be a meaningful advantage for creative deal structures.Dual unit properties with this kind of upside don't sit on the market long. If you've been waiting for the right Tahoe investment or a home with real income potential, this is worth a closer look.
Location
State CA
County El Dorado
Area Tahoe Island Drive
Interior
Heating Wall or Space Heater
Cooling Wall or Space Heater
Exterior
Utilities Available NaturalGasAvailable, Cable TV
Roof Type Composition,Shingle
Building
Story One Story
Foundation Concrete/Crawl Space
Water Other/See Remarks
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Listed by Sierra Sotheby's International Realty
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