Property Highlights – Canal Commons: 8 single-family homes and 1 duplex (10 units total) on one tax lot – Unit construction: five manufactured homes and five stick-built homes – Occupancy: 100% leased – Current income: 7.54% cap rate on in-place income – Utilities: tenants separately metered for gas and electric; owner pays water, sewer, and trash (some tenant bill-backs in place) – Location: central Redmond, directly off NW Canal Blvd, with convenient access to downtown amenities and transportation; area has seen increased developer interest following recent zoning updates and urban renewal efforts – Documents: see offering memorandum (Documents section) for rent roll and expenses – Financing available; contact broker for details