215 Canal Boulevard
Redmond, Oregon 97756
About This Home
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 Details
MLS #
220199856
Status
Active
Property Type
Residential Income
Year Built
1972
Sq Ft
7,978
Lot Size
0.9 acres
Location
MLS #220199856. Information is deemed reliable but not guaranteed. Listing data provided by IDX Broker and subject to change without notice.
$1,450,000
215 Canal Boulevard, Redmond, Oregon
