For Sale
$1,195,000
55 Lake Pl Bend, OR 97701
Three-unit rental portfolio, high potential.
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 138
Highlights
- $1,195,000 asking price for a three-unit multifamily property in Bend, Oregon.
- Value-add investment opportunity with a current 4.18% cap rate and a pro-forma cap rate of 6.28%.
- Three units situated across two buildings on a 0.11-acre lot, zoned CG (Commercial General).
- Currently 50% occupied, generating $50,000 in NOI, with a pro-forma NOI of $75,000.
- Includes three transferable short-term rental permits and all furnishings and appliances.
- Excellent location within walking distance of Downtown Bend, Box Factory, and Old Mill District.
Property Details for 55 Lake Pl
- Property type
- Residential income homes
- Class
- B
- Buildings
- 2
- Stories
- 1
- Lot Size (sq. ft)
- 4,792 SF
- Units
- 3
Location Insight
- City
- Bend
- County
- Deschutes
- State
- Oregon
- Latitude
- 44.054261333717
- Longitude
- -121.30840631912
Nearby Similar for Sale
FAQs
- What type of property is this?
- Residential income home - Three-unit rental portfolio, high potential.
- Where is the residential income home located?
- The property is located at 55 Lake Pl Bend, OR.
- What is the asking price?
- The asking price for this property is $1,195,000.
- What are key features of this property?
- This property features: $1,195,000 asking price for a three-unit multifamily property in Bend, Oregon.; Value-add investment opportunity with a current 4.18% cap rate and a pro-forma cap rate of 6.28%.; Three units situated across two buildings on a 0.11-acre lot, zoned CG (Commercial General).
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