About 215 Nw Canal Boulevard
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 7.4% cap rate. 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
Features of 215 Nw Canal Boulevard
| MLS® # | 220199856 |
|---|---|
| Price | $1,450,000 |
| Acres | 0.90 |
| Year Built | 1972 |
| Type | Residential Income |
| Sub-Type | Multi Family |
| Style | Bungalow, Ranch, Traditional |
| Status | Active |
Community Information
| Address | 215 Nw Canal Boulevard |
|---|---|
| Subdivision | Sothmans |
| City | Redmond |
| County | Deschutes |
| State | OR |
| Zip Code | 97756 |
Amenities
| Parking | Asphalt, Attached Carport, Driveway, Gravel, On Street |
|---|---|
| Is Waterfront | No |
Interior
| Appliances | Dishwasher, Microwave, Oven, Range |
|---|---|
| Heating | Electric, Forced Air |
| Cooling | None |
| Fireplace | No |
| Stories | One |
| Basement | None |
Exterior
| Roof | Composition, Membrane |
|---|---|
| Construction | Frame |
| Foundation | Slab, Stemwall, None |
School Information
| Elementary | John Tuck Elem |
|---|---|
| Middle | Elton Gregory Middle |
| High | Redmond High |
Additional Information
| Date Listed | April 1st, 2025 |
|---|---|
| Days on Market | 244 |
| Zoning | R5 |
Listing Details
| Office | Compass Commercial Real Estate |
|---|