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$ 450,000
Est. payment /mo
Active Under Contract
803 Merced Avenue South Lake Tahoe, CA 96150
4 Beds
1,100 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 1,100 sqft
Price per Sqft $409
Subdivision Al Tahoe 1
MLS Listing ID 143316
Bedrooms 4
Year Built 1955
Lot Size 4,792 Sqft
Acres 0.11
Property Sub-Type Duplex
Property Description
Fixer-upper duplex opportunity in Al Tahoe with 2 detached, single-level residences, each offering 2 bedrooms, 1 bathroom and fully separate utilities. Both units are vacant and ready for renovation, creating a strong option for an investor, an owner-occupant looking to offset expenses with rental income, or a buyer seeking to build equity through improvements.The flat parcel provides approximately 4 off-street parking spaces, along with usable outdoor space that could be divided into separate yard areas. The detached configuration offers more privacy than a traditional side-by-side duplex, while the low entry price and conforming multifamily use provide meaningful upside. Pro forma rents are conservatively projected at $2,000 per month, per unit, depending on the scope and quality of improvements.Located just 2 blocks from Lake Tahoe, the property is within walking or biking distance of Regan Beach, neighborhood lake access and pier facilities near Lily Avenue, Lakeview Commons, meadow trails, restaurants and the newly renovated recreation and swim complex.
Location
State CA
County El Dorado
Area Al Tahoe
Interior
Heating Natural Gas, Wall or Space Heater
Cooling Natural Gas, Wall or Space Heater
Laundry Other/See Remarks
Exterior
Garage Spaces 5.0
Utilities Available NaturalGasAvailable, Cable TV, Telephone
Roof Type Asphalt,Composition
Building
Story One Story
Foundation Slab
Water Natural Gas
Others
Ownership Fee Simple
Listed by Compass
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Mike Phillips
Broker | License ID: CA# 01369810, NV# B.145615
+1(530) 545-1389 | mikephillips530@gmail.com