803 Merced Ave, South Lake Tahoe, CA 96150

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.