About 51395 Preble Way
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.
Features of 51395 Preble Way
| MLS® # | 220191675 |
|---|---|
| Price | $3,563,815 |
| Acres | 1.44 |
| Year Built | 2021 |
| Type | Residential Income |
| Sub-Type | Multi Family |
| Style | Traditional |
| Status | Active |
Community Information
| Address | 51395 Preble Way |
|---|---|
| Subdivision | Lapine |
| City | La Pine |
| County | Deschutes |
| State | OR |
| Zip Code | 97739 |
Amenities
| Parking | Asphalt, Assigned, Driveway, Storage |
|---|---|
| Is Waterfront | No |
Interior
| Heating | Electric, Forced Air |
|---|---|
| Cooling | Central Air |
| Fireplace | No |
| Stories | One |
Exterior
| Roof | Composition |
|---|---|
| Foundation | Pillar/Post/Pier |
School Information
| Elementary | LaPine Elem |
|---|---|
| Middle | LaPine Middle |
| High | LaPine Sr High |
Additional Information
| Date Listed | October 21st, 2024 |
|---|---|
| Days on Market | 374 |
| Zoning | CRMX |
Listing Details
| Office | Knightsbridge International |
|---|