Real Estate
Tahoe Cottage Campground Seeks New Owner
Could this be the ideal quit-your-9-to-5 job, income opportunity? The 11 cottages bring in nearly $100K of rental income per year.
TAHOE CITY, CA -- For those contemplating a life-changing move and fancy being an innkeeper of sorts, this unique property, listed for sale at $2.2 million in Tahoe City, could fill the bill.
Situated in the Lake Forest area and near Lake Tahoe's Skylandia State Park & Beach, the complex offers 11 cottages, plus a main house with two bedrooms and two baths.
Annual income from the rentals totals close to $100,000, according to the real estate agent. And no rush to find tenants, as the 11 cottages are occupied.
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Click on the listing link to view additional images. Take a look ...
- Address: 2815 Lake Forest Rd, Tahoe City, California
- Price: $2,200,000
- Square Feet: 4604
- Bedrooms:
- Bathrooms: Baths
- Features: Fantastic opportunity to purchase income property in Lake Forest, Tahoe's undiscovered gem! 11 charming cottages, including a 2 bedroom, 2 bath, 1 car garage, main residence. All units are currently occupied and rents are well below market rate. Current income is $8,260 a month, $99,120 Annually. Units are all separately metered for both gas and electricity. Impeccably well maintained over the years. Incredible coverage and redevelopment opportunity. Bike trails and Skylandia beach just steps away!
This listing originally appeared on realtor.com. For more information and photos, click here.
Find out what's happening in Sacramentofor free with the latest updates from Patch.
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--Images via Realtor.com
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