1980 NE Zachary Ct - Multi-Family FOR SALE


Bend, OR 97701- Mountain View
$1,350,000 USD
503-734-7175
1980 NE Zachary Ct, Bend, OR for Sale
$1,350,000 USD
Multi-Family - FOR SALE
1/7
null | 4.9% Cap Rate

1980 NE Zachary Ct
Bend, OR 97701
Mountain View


HIGHLIGHTS

  • Excellent location at Pilot Butte
  • 1/2 mile from St. Charles Hospital
  • New roof & exterior paint in 2024
  • Seller financing available

OVERVIEW

Seller financing available. Occupancy is currently 100%. Rent includes water/sewer and garbage, tenants are responsible for electricity, gas, cable and/or internet. Tenants are currently on the remainder of one-year leases. Rents range from $1,700 to $1,825 across all units or $1.49/SF to $1.60/SF. Market rents in the area for comparable property are averaging near $1.70/SF. Further income upside exists with the implementation of utility billback charges for water/sewer. The proforma financial analysis assumes a modest $35/unit/month RUBS charge equating to an additional $1,680 annually. The property is currently self-managed by the current owner.

FOR SALE DETAILS

PRICE

$1,350,000 USD

PRICE/SF

$248 USD /SF

# OF UNITS

4

PRICE/UNIT

$337,500

CAP RATE

4.9%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Zachary Court - Seller Financing Available

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1999

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.28 AC

LAND SF

12,197 SF

ZONING

RM

APN/PARCEL ID

195727

ASK ABOUT THIS PROPERTY

Charles BrazerNAI CascadeMore Info
503-734-7175

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Charles BrazerNAI CascadeMore Info
503-734-7175

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.