REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 2,549,000
Est. payment /mo
New
866 Southwood Boulevard Incline Village, NV 89451
6,074 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type 4+ Units
Listing Status Active
Purchase Type For Sale
Square Footage 6,074 sqft
Price per Sqft $419
Subdivision Incline Village-11N
MLS Listing ID 20260006
Full Baths 19338
Year Built 1965
Lot Size 0.285 Acres
Acres 0.285
Property Sub-Type 4+ Units
Property Description
RARE 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 clean out, 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. One unit has been a corporate rental for the past 3 years. There is No rent control, No state of Nevada income taxes and No state inheritance taxes.
Location
State NV
County Other
Area Incline Village-11N
Interior
Heating Baseboard, Electric
Exterior
Parking Features Paved Surface
View Mountain
Roof Type Metal
Topography Gentle
Building
Lot Description STREET
Story 2
Foundation Perim Block
Sewer Utility District
Water Utility District
Listed by Matthew B Biscotti • Coldwell Banker Select Real Es