Investment Property in South Lake Tahoe Just Listed By Brent and Jill Johnson
1053 Moss Offered at $425,000
This 5 plex is in a great location near stateline, shopping, and the bus routes. The adjacent 5 plex at 3728 Primrose is also for sale by the same owner for $425,000. Both buildings are available to be purchased together for $795,000. There are four 2 bedroom 1 bath units, and one 1 bedroom 1 bath units in this building. There are long term tenants currently occupying 100% of this building. All units are separately metered and the tenants pay for utilities.
- Unit #1 is a 2 bedroom, 1 bath rented for $675
- Unit #2 is a 2 bedroom, 1 bath rented for $675
- Unit #3 is a 1 bedroom, 1 bath rented for $625
- Unit #4 is a 2 bedroom, 1 bath rented for $675
- Unit #5 is a 2 bedroom, 1 bath rented for $750
- Laundry income is $50
- Total monthly income is $3,450
Annual Expenses
- Property insurance $2400
- Property taxes $4700
- Refuse $1620
- Sewer/water $3240
- Gas $1800 (for common water heater)
- Electric $600
- Repairs and Maintenance $1200
If you would like more information on investment properties in South Lake Tahoe, please call South Lake Tahoe Real Estate agent Brent Johnson today!
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