661 Emerald Bay Road
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$2,025,000

661 Emerald Bay Road

10 Beds 4,400 Sq.Ft.

Description

The Watermarc Cabins is a premier residential rental property located in the heart of South Lake Tahoe. Comprised of 8 detached units on a full 1 acre parcel, this property provides quality upscale housing in an ultra high demand market. Extensive renovations were done in 2010-2012. 1 unit has been renovated in approximately 2020 while another unit is undergoing a current remodel. BMPs and extensive paving and site work completed in approximately 2012-13. An additional storage building could be converted to residential or rented separately as is. Plenty of onsite parking, close proximity to local business and attractions, and room for rental growth make this a prime investment opportunity. Don't hesitate call for more details or for a showing today. Buyers to independently very all details to their satisfaction. Possible financing of about 40% available for 10yrs @5%. See bit.ly/Watermarc for a virtual site tour.

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Location

661 Emerald Bay Road, South Lake Tahoe, CA 96150

Status

Sold
Michael Keller

Michael Keller

TITLE

Broker | Owner

Property Amenities

Area & Lot
Lot Area 43,560 Sq.Ft.
Living area 4,400 Sq.Ft.
MLS® ID 135428
Year Built 2012
Type MULTI_FAMILY
Status Sold
Exterior
Heat type Natural Gas, Wall or Space Heater
Other Exterior Features Storage Shed
Roof Composition, Shingle
Utilities Natural Gas Available, Well - Private, City Sewer, Cable TV, High Speed Internet
Finance
Sales Price $2,025,000

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Work With Michael

Michael’s knowledge of economics, investment, and the local market are valuable assets for his clients who want to either maximize their return on a sale or make an educated purchase.