1116 Sw Obsidian Avenue, Redmond, 97756

Commercial Building - Income/Investment For Sale in M&B

$400,000

Beds
Baths
3,000Sqft
1Acres
1915Built
314DOM
MLS® #: 201807119
Active, 314 Days on Market

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?

Essential Information

MLS® #: 201807119
Price: $400,000
Square Footage: 3,000
Acres: 1.00
Year Built: 1915
Type: Commercial Building
Sub-Type: Income/Investment
Status: Active

Community Information

Address: 1116 Sw Obsidian Avenue
Area: Redmond/Terrebonne
Subdivision: M&B
City: Redmond
County: Deschutes
State: OR
Zip Code: 97756

Amenities

Parking Spaces: 15
Parking: Parking Lot-Asphalt
View: Cascade Mountain, Terrain

Interior

Interior Features: Security System, Kitchen, Handicap Equipped
Heating: Central AC, Natural Gas, Forced Air

Exterior

Exterior Features: Drip System, Fenced, Landscaped
Roof: Composition
Construction: Frame
Foundation: Stemwall

Additional Information

Date Listed: July 11th, 2018
Days on Market: 314
Listing Office: Redmond Oregon Homes.com

Listing Details

Listing Office: Redmond Oregon Homes.com

Financials

$/SqFt: $133

Tax Information

Amount: $3,703
Year: 2017
Lot: 01200, 01207

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