51395 Preble WAY Active Save Request In-Person Tour Request Virtual Tour
La Pine,OR 97739
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 13,860 sqft
Price per Sqft $257
Subdivision Lapine
MLS Listing ID 220191675
Style Traditional
Year Built 2021
Annual Tax Amount $16,524
Lot Size 1.440 Acres
Acres 1.44
Lot Dimensions 1.44
Property Sub-Type Multi Family
Property Description
Hard to find 6.5% CAP rate in Central Oregon. The site is improved with a 14 unit multi family development constructed in 2021 and is made up of 14 - three bedroom, two bathroom permanently affixed manufactured homes with A/C. Coming soon, an additional 56 units across the street at a same CAP rate. This income producing development is located in Central Oregon in the up and coming town of La Pine. It's close to Sunriver, Bend and all the outdoor adventures that draw people to the area. Development is professionally managed and has 100% occupancy with a waiting list.
Location
State OR
County Deschutes
Community Lapine
Interior
Heating Electric,Forced Air
Cooling Central Air
Exterior
Parking Features Asphalt,Assigned,Driveway,Storage
Roof Type Composition
Building
Foundation Pillar/Post/Pier
Water Public
Architectural Style Traditional
Level or Stories One
New Construction No
Schools
High Schools Lapine Sr High
Others
Senior Community No
Tax ID 115024
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition Standard
Virtual Tour https://www.zillow.com/view-imx/cde22537-a4e5-4a2a-b887-1cc47ab3dd19?setAttribution=mls&wl=true&initialViewType=pano&utm_source=dashboard