● Pending
$1,600,000
215 NW Canal Boulevard, Redmond, OR 97756
beds
baths
sqft
Property Type
Multi Family
Multi Family
Built
1972
1972
Lot Size
0.9 Acres
0.9 Acres
Property Highlights
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 efforts
Financing available. Call broker for details.
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 efforts
Financing available. Call broker for details.
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Facts & features
Bedrooms
Bathrooms
Square Feet
Listed By
Compass Commercial Real Estate
jlyons@compasscommercial.com
Compass Commercial Real Estate
jlyons@compasscommercial.com
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Data source: Oregon Data Share LLC.IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS.