South Lake Tahoe, CA 96150,3546 Spruce AVE
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South Lake Tahoe, CA 96150,3546 Spruce AVE
South Lake Tahoe, CA 96150,3546 Spruce AVE
South Lake Tahoe, CA 96150,3546 Spruce AVE
South Lake Tahoe, CA 96150,3546 Spruce AVE
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3546 Spruce AVE South Lake Tahoe, CA 96150

0.53 Acres Lot


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Key Details

Property Type Multi-Family

Sub Type 5 or More Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID 225087587

HOA Y/N No

Year Built 1960

Lot Size 0.530 Acres

Acres 0.53

Property Sub-Type 5 or More Units

Source MLS Metrolist

Property Description

Colliers Is pleased to present 3546 Spruce Ave. A revitalized 12-unit apartment property located in the world-renowned South Lake Tahoe region. This is a great opportunity to own an investment property and be partnered with Vail Properties, the owner of Heavenly resorts. Vail has master leased this apartment building for 5 years with a 2-year option to extend. The subject property has 9,863 square feet of rentable living space with a total of 3 Buildings, which is comprised of a 10-unit complex and two houses. This property was built in 1960 and renovated in 2023 by an 11-month foundation to roof renovation project. From flooring to roof everything except the foundational lumber has been removed and replaced. Renovations also include new electrical hook-ups and new transformers from the City of South Lake Tahoe. The apartment building consists of (4) 1-Bedroom/1-Bathroom units, (4) 2-Bedroom/1-Bathroom Units and (2) Studios. Two houses consist of a 2-bedroom/1-bathroom Single Family Residence & a 2-bedroom/2-bathroom SFR. Having a master lease provides an opportunity for the next owner not to be tasked with paying for maintenance, utilities or even snow plowing!

Location

State CA

County El Dorado

Area 13301

Direction Corner of Blackwood Road and Spruce Avenue in South Lake Tahoe CA.

Interior

Heating Central, Varies by Unit

Cooling Central, Varies by Unit

Flooring Laminate, Varies by Unit

Laundry Washer/Dryer Owned

Exterior

Parking Features Off Street

Utilities Available Natural Gas Connected, Electric

Water Access Desc Meter on Site,Other

Building

Lot Description Other

Story 2

Foundation Concrete, Other

Sewer Public Sewer, Other

Water Meter on Site, Other

Schools

Elementary Schools Lake Tahoe Unified

Middle Schools Lake Tahoe Unified

High Schools Lake Tahoe Unified

School District El Dorado

Others

Senior Community No

Tax ID 025-261-017

Special Listing Condition None


MetroList® Services, Inc
Listed by Collier's International CA, Inc.
agent

Ezequiel "Zeek" Carlos

Agent | License ID: 02082288

+1(209) 769-4140

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3546 Spruce AVE