BEDS0
BATHS
SQUARE FEET7,978
MLS#220199856
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONSothmans
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
Property Type: Multi Unit - Multiple
Cooling: None
Heating: Electric, Forced Air
Home Style: Bungalow, Ranch, Traditional
Lot Size: 0.90 Acres
Roof Type: Composition, Membrane
Stories: 1.0
Taxes: $10,943
Year Built: 1972
Feature Descriptions
Exterior: Frame
Sewer: Public Sewer
Units: 10
Local Schools
High School: Redmond
Middle School: Elton Gregory
Elementary School: John Tuck
Listed By / Shown By
Listed By
Agency Name: Compass Commercial Real Estate
Shown By
Agency Title: CENTURY 21 North Homes Realty
Agency Phone: 541-815-0906
Estimate Your Payment
Estimated Payment
$ 4,561.90 per month $3,227.07 Principal & Interest $911.92 Property Tax $422.92 Homeowner's Insurance
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 $1,450,000. Search Redmond real estate on www.isellsunriver.com today.