Active

1072 Ski Run Boulevard

South Lake Tahoe CA, 96150

$5,790,000


$603.13 per sqft

Active

9,600 sqft

Other

Built in 1969

Welcome to Alder Inn, a boutique hotel near Lake Tahoe's South Shore, and Heavenly Mountain Ski Resort. Offered at $5.79M with an actual CapRate of 9% and a supporting ProForma Cap of 11%+. We have additional financials, photos, and STR reports available to any qualified buyer upon request.Spanning 9,600 square feet, Alder Inn boasts 26 updated units. The layout includes 12 Single Kings, 5 Single Queens, 6 Double Queens, and 1 ADA accessible Single Queen. Additionally, a versatile Manager's Unit offers potential for future rental either as a spacious 3-bedroom, 2.5-bathroom unit or two separate units, adding to its functionality.Alder Inn has recent upgrades including: new TVs in 15 rooms, stylish flooring renovations, and air conditioning in all upstairs units. The manager's unit features a new deck, and the property boasts an upgraded lawn area perfect for summer activities.Alder Inn is a turn-key operation, active on major booking platforms, ensuring a smooth transition for new owners looking to manage and grow this thriving business.Value Add Opportunities: Reimagine the pool and spa area, create a lively space for guest to enjoy outdoors, expanding on the already existing resort feel of the property.Discover the Alder Inn, a unique investment opportunity that stands out in the hospitality market for its perfect mix of location, varied accommodations, recent upgrades, solid financials, and operational readiness.

140942

MLS ID

November 1, 2024

Listed

November 1, 2024

Updated

Map

1072 Ski Run Boulevard
South Lake Tahoe CA, 96150

Interior Features

Total Stories

2


Floor Description

Carpet, Wood


Fireplace

No


Cooling

No


Heating

Yes


Heating Description

Natural Gas

Exterior/Building Features

Lot Size

0.57 Acres


Roof

Composition

Other Property Details

Area Name

Stateline


Garage

No


View

No


County

El Dorado


Pool

No


Zoning

Commercial

Listed by Compass, Ryan S Smith,
Listing Contact: 530-545-0045 

Based on information from the South Tahoe Association of REALTORS® MLS as of 7:51 PM UTC, 11/1/2024. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Gregory Ochoa | CA DRE# 01725318 shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

©2024 South Tahoe Board of REALTORS®. All rights reserved.

Data last updated 7:51 PM UTC, 11/1/2024

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