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. The property offers strong cash flows with a 7.29% pro forma cap rate. 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. This site is just minutes from Highway 97, the city's main arterial route, providing seamless connectivity to Bend, the Redmond Airport, and Central Oregon's broader economic hubs. 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.
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0BEDS
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0.9ACRES
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0BATHS
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01/2 BATHS
School Information
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. The property offers strong cash flows with a 7.29% pro forma cap rate. 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. This site is just minutes from Highway 97, the city's main arterial route, providing seamless connectivity to Bend, the Redmond Airport, and Central Oregon's broader economic hubs. 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.
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