215 NW Canal BoulevardRedmond, OR 97756
Canal Commons consists of 8 single family homes and 1 duplex all on one tax lot. Total of 10 units. Five manufactured homes and five stick built. 100% occupied. The property offers strong cash flows with a 7.54% cap rate on in place income. Please refer to attached offering memorandum in documents section for rent roll and expenses.
Tenants are separately metered for gas and electric. Owner pays water, sewer, and trash with some tenant bill backs in place.
Located in the heart of Redmond, the property offers convenient access to local amenities and transportation routes. Its central location makes it an attractive option for residents seeking proximity to downtown Redmond and other key areas. The property sits directly off NW Canal Blvd, a growing mixed-use spine that has seen increased interest from developers due to recent zoning updates and urban renewal efforts
Financing available. Call broker for details.
- Property Type:
Residential Income
- Architectural Style:
Bungalow, Ranch, Traditional
- Bedrooms:
- Bathrooms:
0
- Dwelling Size:
0 SqFt
- Lot Size:
0.90 Acres
- Lot Description:
- Stories:
- Year Built:
1972
- Interior Features:
- Exterior Features:
- Parking:
Garage or Parking Spaces:
Features: Asphalt, Attached Carport, Driveway, Gravel, On Street
- Area:
- Views:
- Schools:
High School(s): Redmond High
Middle School(s): Elton Gregory Middle
Elementary School(s): John Tuck Elem
- HOA:
- Senior Community:
- Heating:
Electric,Forced Air
- Cooling:
None
- Appliances:
Dishwasher, Microwave, Oven, Range
- Fireplace:
Fireplace(s):
Features:
- Accessibility:
- Security Features:
Smoke Detector(s)
- Foundation:
Slab,Stemwall,None
- Roof:
Composition,Membrane