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Sierra Residence & Apartment 20826 NE Sierra Dr 2 Unit Apartment Building $1,087,422 CAD ($543,711 CAD/Unit) Bend, OR 97701
INVESTMENT HIGHLIGHTS
- 3 bedroom residence with free standing 1 bedroom fully furnished apartment
- Great condition
- Great tenants through 6/30/2025 and want to extend
EXECUTIVE SUMMARY
Owner/Investor opportunity. Quality 3 bedroom home featuring an open great room with gas fireplace, maple kitchen with SS appliances and primary bedroom with walk-in closet, soaking tub & shower. PLUS a free standing 1 bedroom apartment (ADU) with single car garage and extra storage. The ADU is “turn key” and is fully furnished with all appliances, stereo, TV, deco, washer/dryer, etc. Convenient location near parks and schools. Private backyard with garden shed. Over $50,000 per year in gross income with more details upon request. Sellers are Oregon Realtors.
FINANCIAL SUMMARY (PRO FORMA - 2024) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$70,237
|
$39.79
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$70,237
|
$39.79
|
| Taxes |
$8,738
|
$4.95
|
| Operating Expenses |
$12,909
|
$7.31
|
| Total Expenses |
$21,648
|
$12.27
|
| Net Operating Income |
$48,589
|
$27.53
|
FINANCIAL SUMMARY (PRO FORMA - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $70,237 |
| Annual Per SF | $39.79 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $70,237 |
| Annual Per SF | $39.79 |
| Taxes (CAD) | |
|---|---|
| Annual | $8,738 |
| Annual Per SF | $4.95 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $12,909 |
| Annual Per SF | $7.31 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $21,648 |
| Annual Per SF | $12.27 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $48,589 |
| Annual Per SF | $27.53 |
PROPERTY FACTS
| Price | $1,087,422 CAD | Building Class | B |
| Price Per Unit | $543,711 CAD | Lot Size | 0.18 AC |
| Sale Type | Investment | Building Size | 1,765 SF |
| No. Units | 2 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 2002 |
| Apartment Style | Single-Family Home | Parking Ratio | 1.7/1,000 SF |
| Zoning | RM - Multi-family zoning | ||
| Price | $1,087,422 CAD |
| Price Per Unit | $543,711 CAD |
| Sale Type | Investment |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Single-Family Home |
| Building Class | B |
| Lot Size | 0.18 AC |
| Building Size | 1,765 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 2002 |
| Parking Ratio | 1.7/1,000 SF |
| Zoning | RM - Multi-family zoning |
AMENITIES
- Smoke Detector
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Dishwasher
- Disposal
- Fireplace
- Microwave
- Storage Space
- Washer/Dryer
- Bay Window
- Ceiling Fans
- Double Vanities
- Kitchen
- Hardwood Floors
- Vaulted Ceiling
- Ice Maker
- Refrigerator
- Satellite TV
- Oven
- Sprinkler System
- Stainless Steel Appliances
- Range
- Tub/Shower
- Walk-In Closets
- Carpet
- Yard
- Attic
- Breakfast Nook
- Built-In Bookshelves
- Deck
- Double Pane Windows
- Greenhouse
- Lawn
- Mother-in-law Unit
- Pantry
- Window Coverings
SITE AMENITIES
- Fenced Lot
- Gas Range
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Sierra Residence & Apartment | 20826 NE Sierra Dr
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