$2,256,625
$2,550,000
11.5%For more information regarding the value of a property, please contact us for a free consultation.
11,250 SqFt
SOLD DATE : 06/23/2025
Key Details
Sold Price $2,256,625
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 11,250 sqft
Price per Sqft $200
Subdivision Lapine Meadows
MLS Listing ID 220196892
Sold Date 06/23/25
Style Ranch
Year Built 2024
Annual Tax Amount $154
Lot Size 1.180 Acres
Acres 1.18
Lot Dimensions 1.18
Property Sub-Type Multi Family
Property Description
7.33% cap on actual income with great cash flow.
The Drafter Valley Modular Home Community is comprised of fifteen (15) total units completed in 2024. All units are 2bd/1ba units manufactured by Fleetwood Homes based in Wilsonville, Oregon. All units are property owned and fully set on individual foundations. The site is master metered for water and tenants are billed by third-party billing for water usage. Tenants also cover garbage, gas and electricity. Each unit includes one exterior tandem space for two-car parking.
Location
State OR
County Deschutes
Community Lapine Meadows
Interior
Heating Forced Air, Natural Gas
Cooling None
Exterior
Parking Features Asphalt, Tandem
Roof Type Composition
Building
Lot Description Fenced, Landscaped, Level
Foundation Block
Water Public
Architectural Style Ranch
Level or Stories One
New Construction No
Schools
High Schools Lapine Sr High
Others
Senior Community No
Tax ID 161039
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Standard
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "