Stateline Apartments is a 20-unit property located in beautiful South Lake Tahoe, California. The property has a great unit mix consisting of 16 two-bed/one-bath units and 4 one-bed/one-bath unit. 17 units have been nicely remodeled with new flooring, cabinets, counters, appliances, and bathrooms. Rents are currently below market offering the investor tremendous income and appreciation upside. The property, located 2 blocks away from the Raley's in Village Shopping Center, Heavenly Village's movie theaters, restaurants and bars, and 5 blocks away from the state line casinos, is perfectly situated to take advantage of all the South Lake Tahoe area has to offer. The significant migration of tech professionals, core location in the heart of South Lake Tahoe, rent growth in the market, current cash flow, potential for additional income, and proximity to recreational opportunities and shopping make Stateline a great opportunity for both the cash-flow and appreciation-minded investor.