Description
Colliers is pleased to present 3546 spruce ave. a revitalized 12-unit apartment property located in the world-renowned south lake tahoe region. this is a great opportunity to own an investment property and be partnered with vail properties, the owner of heavenly resorts. vail has master leased this apartment building for 5 years with a 2-year option to extend. the subject property has 9,863 square feet of rentable living space with a total of 3 buildings, which is comprised of a 10-unit complex and two houses. this property was built in 1960 and renovated in 2023 by an 11-month foundation to roof renovation project. from flooring to roof everything except the foundational lumber has been removed and replaced. renovations also include new electrical hook-ups and new transformers from the city of south lake tahoe. the apartment building consists of (4) 1-bedroom/1-bathroom units, (4) 2-bedroom/1-bathroom units and (2) studios. two houses consist of a 2-bedroom/1-bathroom single family residence & a 2-bedroom/2-bathroom sfr. having a master lease provides an opportunity for the next owner not to be tasked with paying for maintenance, utilities or even snow plowing!
Property Type
ResidentialIncomeCounty
El DoradoStyle
ResidentialIncomeAD ID
50431096
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BuyOwner last updated this listing 07/27/2025 @ 09:28
- MLS: 225087587
- LISTING PROVIDED COURTESY OF: ,
- SOURCE: MLS Metrolist
is a Home, with bedrooms which is for sale, it has 0 sqft, 0 sized lot, and 0 parking. are nearby neighborhoods.