1116 SW Obsidian Avenue

    Redmond, OR 97756
    • $400,000
    • STATUS: Active
    • ON SITE: 126 days
    • MLS #: 201807119
    Price Reduced
    UPDATED: 48 min ago
    $400,000
    • 0
      BEDS
    • 1
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,000
      SQFT
    • $133
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1915
    County:

    School Ratings & Info


    Listing courtesy of Redmond Oregon Homes.Com.

    Description

    Big price drop provides about a 6% Cap Rate on property leased until April 2022. The DayCare has over 30 kids now and a waiting list of more than 70 but need some remodeling to increase enrollment. Tenant pays utilities and maintenance. There are 2 tax lots which may allow for an additional building or find a use for the existing barn. With about 200 apartments in planning stage next door, the future looks bright for this property. What could you do with this property?

    Monthly Payment Calculator

    © 2018 MLS of Central Oregon (MLSCO) . All information is deemed reliable but is not guaranteed and should be independently verified. The content relating to real estate for sale on this website comes in part from the MLS of Central Oregon. Real estate listings held by Brokerages other than Birtola Garmyn High Desert Realty are marked with the Reciprocity/IDX logo, and detailed information about these properties includes the name of the listing Brokerage. All content displayed on this website is restricted to personal, non-commercial use, and only for ascertaining information regarding real property for sale. The consumer will not copy, retransmit nor redistribute any of the content from the website. The consumer is reminded that all listing content provided by automatic transmission by MLSCO. This content last updated on 2018-11-15T17:43:50.923. Some properties which appear for sale on this website may subsequently have sold or may no longer be available.
    www.bendoregonrealestate.com/homes/85511518

    1116 SW Obsidian Avenue Redmond, OR 97756

    • Price: $400,000
    • Status: Active
    • Updated: 48 min ago
    • MLS #: 201807119
    0
    Beds
    0
    Baths
    0
    ½ Baths
    1
    Acres
    3,000
    SQFT
    $133
    $/SQFT
    1915
    Built
    Neighborhood:
    M&Br
    County:
    Deschutes
    Area:
    Redmond/Terrebonne
    Property Description
    Big price drop provides about a 6% Cap Rate on property leased until April 2022. The DayCare has over 30 kids now and a waiting list of more than 70 but need some remodeling to increase enrollment. Tenant pays utilities and maintenance. There are 2 tax lots which may allow for an additional building or find a use for the existing barn. With about 200 apartments in planning stage next door, the future looks bright for this property. What could you do with this property?
    Exterior Features

    Construction Frame Exterior Drip SystemFencedLandscaped Foundation Stemwall Overhead Doors 0 Parking Yes Parking Spaces 15 Parking1 Parking Lot-Asphalt Roof Composition View Cascade MountainTerrain

    Interior Features

    Floors CarpetTileVinylLaminate Heat Cool Ac-CentralNatural GasForced Air Interior Security SystemHandicap EquippedKitchen

    Property Features

    Backup Pkg Avail No Cap Rate 6.000 CCRs No Confidentiality Agmt No Cross Street Address Canal Blvd. Electric Company Pp&L Est Gross Op Income 28800.00 Est Net Op Income 23920.81 Est Total Exp 0.00 Existing Water Back Flow/DomesticBack Flow/IrrigCityWater Meter Leased Yes Lot Number 0 Owner Pays InsuranceTaxes Property Type Commercial Building Sale Or Lease Sale Sewer Septic City Sewer Tax Year 2017 Taxes 3702.78 Tenant Pays ElectricLiablity InsuranceGasInterior MaintenanceWater/Sewer Tenants 1 Terms New LoanCash Type Leased Investment Water District City

    Listing information © 2018 MLS of Central Oregon
    Listing provided courtesy of Redmond Oregon Homes.Com.

    © 2018 MLS of Central Oregon (MLSCO) . All information is deemed reliable but is not guaranteed and should be independently verified. The content relating to real estate for sale on this website comes in part from the MLS of Central Oregon. Real estate listings held by Brokerages other than Birtola Garmyn High Desert Realty are marked with the Reciprocity/IDX logo, and detailed information about these properties includes the name of the listing Brokerage. All content displayed on this website is restricted to personal, non-commercial use, and only for ascertaining information regarding real property for sale. The consumer will not copy, retransmit nor redistribute any of the content from the website. The consumer is reminded that all listing content provided by automatic transmission by MLSCO. This content last updated on 2018-11-15T17:43:50.923. Some properties which appear for sale on this website may subsequently have sold or may no longer be available.
     
    Birtola Garmyn High Desert Realty
    101 NE Greenwood Ave Suite 100
    Bend OR, 97701

    Listing courtesy of Redmond Oregon Homes.Com.