Description
Seven-unit fully managed vacation rentals investment opportunity in the heart of downtown South Lake Tahoe's Tourist Core Zone; Heavenly Ski Gondola, Heavenly Village, shopping, movie theatre, ice skating, casinos, the beach, and the new Convention and Event Center, are all within walking distance. Perfectly located at the end of a quiet Cul-De-Sac on the lakeside of HWY 50, without thru-traffic, and adjacent to open+ scenic space. Currently operating with seven units, all equipped for self-catering, one unit is a three bedroom apartment with fully equipped kitchen, dining area, plus living room- could be used as owner's quarters or keep as profitable rental; two units are 1-bedrooms with living room, and four units are studios with kitchenettes. All units are newly and beautifully furnished throughout and with many upgrades done in 2022. There is an additional large laundry/ storage/ workshop area that could be further developed. Currently fully operated by a management company as Pine Tree Place units #1- #7. Popular in the winter ski season, the summer lake season with water sports and beach, and concerts and events galore for year-round fun. Great blue-chip investment in prime downtown area. Please call for informational memorandum and to set up appointment for viewings subject to availability.
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0BEDS
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0.21ACRES
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0BATHS
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01/2 BATHS
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2,920SQFT
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$781$/SQFT
School Ratings & Info
Description
Seven-unit fully managed vacation rentals investment opportunity in the heart of downtown South Lake Tahoe's Tourist Core Zone; Heavenly Ski Gondola, Heavenly Village, shopping, movie theatre, ice skating, casinos, the beach, and the new Convention and Event Center, are all within walking distance. Perfectly located at the end of a quiet Cul-De-Sac on the lakeside of HWY 50, without thru-traffic, and adjacent to open+ scenic space. Currently operating with seven units, all equipped for self-catering, one unit is a three bedroom apartment with fully equipped kitchen, dining area, plus living room- could be used as owner's quarters or keep as profitable rental; two units are 1-bedrooms with living room, and four units are studios with kitchenettes. All units are newly and beautifully furnished throughout and with many upgrades done in 2022. There is an additional large laundry/ storage/ workshop area that could be further developed. Currently fully operated by a management company as Pine Tree Place units #1- #7. Popular in the winter ski season, the summer lake season with water sports and beach, and concerts and events galore for year-round fun. Great blue-chip investment in prime downtown area. Please call for informational memorandum and to set up appointment for viewings subject to availability.
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