REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your advisor will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 1,489,889
Est. payment /mo
Active
3581 Bill Avenue South Lake Tahoe, CA 96150
9 Beds
4,354 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 4,354 sqft
Price per Sqft $342
Subdivision Bijou Park
MLS Listing ID 141255
Bedrooms 9
Year Built 1953
Lot Size 10,019 Sqft
Acres 0.23
Property Sub-Type Triplex
Property Description
Newly Remodeled Triplex - Investment Opportunity in South Lake Tahoe. 3581 Bill Ave presents an opportunity to own a remodeled, vacant triplex in one of South Lake Tahoe's most sought-after locations.Just a short walk to Lake Tahoe, Whole Foods, and restaurants, this property is perfect for an investor or owner-occupant looking to start fresh with new tenants in a modernized space. The backyard looks down on the Whole Foods parking lot, with trail access both to the Lake, and through the surround Bijou forest areas. We've decided to keep these units vacant for now, to incentivize a new owner to create and manage their own leases. Our pro forma gross income is projected at $102,000/yr / $8500/m. This is broken down into: Unit 1 $2750 | Unit 2 $3000 | Unit 3 $2750. Each of the three units has been thoughtfully updated with contemporary finishes, including brand-new kitchens, all new appliances, updated flooring, fresh paint, modern lighting, new gas fireplaces, and remodeled bathrooms. Located just minutes from Heavenly Ski Resort, Stateline entertainment, and the best beaches in Tahoe, this triplex offers the perfect blend of investment potential and lifestyle appeal. Whether you're looking for long-term rentals, or a house-hacking opportunity, this is a turn-key property ready for immediate income. Limited photos as we are finishing a few details on the property, in person tours are available, with a complete photo package coming later this month.Opportunities like this don't come often in Tahoereach out today for more details or to schedule a private tour.
Location
State CA
County El Dorado
Area Bijou 1
Zoning Multi-Family
Interior
Heating Forced Air
Cooling Forced Air
Exterior
Utilities Available NaturalGasAvailable, City Water, City Sewer, Cable TV, High Speed Internet, Telephone, Water Meter
Roof Type Metal
Building
Story Two Story
Foundation Concrete/Crawl Space
Water Natural Gas
Others
Ownership Fee Simple
Listed by Compass