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Canal Commons | 10 Units in Redmond, OR 215 NW Canal Blvd 10 Unit Mobile Home Park $2,024,084 CAD ($202,408 CAD/Unit) 7.44% Cap Rate Redmond, OR 97756
INVESTMENT HIGHLIGHTS
- 10 Units on 0.9 Acres
- Excellent central location in the heart of Redmond
- High demand and low market vacancy
- 7.44 cap rate on current rent roll
- Five manufactured homes and five stick-built units
- Upside rent potential
EXECUTIVE SUMMARY
Canal Commons consists of eight single-family homes and one duplex, all located on a single tax lot. 100% occupied. The property includes five manufactured homes and four stick-built single-family homes, along with a stick-built duplex. Tenants are separately metered for electric and gas, while the owner pays for water, sewer, and trash, with some tenant bill-backs in place. The property offers strong cash flow with a 7.44% cap rate and upside potential. Canal Commons presents an excellent opportunity to acquire immediate cash flow with long-term growth potential.
Canal Commons is a multifamily residential complex featuring a unique blend of rental options. The units range in rental rates from $937 to $1,720 per month, appealing to a wide tenant base. Situated off NW Canal Boulevard—a rapidly evolving corridor driven by zoning updates and urban renewal—the property is ideally positioned to benefit from Redmond’s continued growth.
Residents enjoy convenient access to local shopping, schools, and employment centers. Redmond’s strategic location along Highway 97 provides easy connectivity to Bend, Redmond Airport, and the broader Central Oregon economic hubs.
Canal Commons is a multifamily residential complex featuring a unique blend of rental options. The units range in rental rates from $937 to $1,720 per month, appealing to a wide tenant base. Situated off NW Canal Boulevard—a rapidly evolving corridor driven by zoning updates and urban renewal—the property is ideally positioned to benefit from Redmond’s continued growth.
Residents enjoy convenient access to local shopping, schools, and employment centers. Redmond’s strategic location along Highway 97 provides easy connectivity to Bend, Redmond Airport, and the broader Central Oregon economic hubs.
PROPERTY FACTS
AMENITIES
SITE AMENITIES
- Courtyard
- Picnic Area
- Smoke Detector
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Walk Score®
Very Walkable (71)
CONTACTS
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Luke Ross -
Terry ONeil -
Ron Ross -
Dan Kemp -
Compass Commercial Real Estate Services
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Canal Commons | 10 Units in Redmond, OR | 215 NW Canal Blvd
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