866 Southwood Boulevard, Incline Village, NV

Multi-family for Sale - $3,249,000 - 6,074 Sq. Ft.


Agent Info

Matt Biscotti
Coldwell Banker Select Real Estate

Property Info

CIMLS#1177580
Location
  866 Southwood Boulevard
  Incline Village NV 89451
UpdatedJuly 3rd, 2025
TypeMulti-family
Price$3,249,000
Building6,074 Sq. Ft.

Property Description

Great 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 line, 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. There is No rent control, No state of Nevada income taxes and No state inheritance taxes.


Financials


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