Property Description
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 effortsFinancing available. Call broker for details.
Property Features
Feature Descriptions
Local Schools
Listed By / Shown By
Listed By
Agency Name: Compass Commercial Real Estate
Shown By
Agent Name: Danielle Gates Principal Broker
Agent Phone: (541) 921-7130
Agency Title: Bend Premier Real Estate
Estimate Your Payment
Estimated Payment
$ 9,469.05 per month $8,090.47 Principal & Interest $911.92 Property Tax $466.67 Homeowner's InsuranceChange Payment Information
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215 NW Canal Boulevard | MLS# 220199856
This multi-family property located at 215 NW Canal Boulevard, Redmond, OR 97756 is currently listed for sale with an asking price of $1,600,000. Search Redmond real estate on daniellegates.bendpremierrealestate.com today.