With a cap rate of 5-6% this is a great rate of return for an income producing property. This is NOT a fixer-upper, it is in excellent condition. It is located in Ponderosa Pines, which is one of the premier areas of Lapine. This 2bed/2bath 1248+ sq. ft. home has a double car garage and 10x20 storage unit. A paved circle driveway makes it easy to come and go. The floors and fireplace have been upgraded to include a pellet burning stove. The shower and vanity in the master bath is new. There is a covered back deck for relaxing in the summer evenings or a bar-b-que. Call Mary Garcia at 541-788-6919 or 541-546-1188 ext 18 and Ask for Mary. I am a Real Estate Broker licensed in the State of Oregon. Or email me at maryr@johnlscott.com. With John L Scott Lapine office. All stainless steel appliances to be replaced with whit appliances before COE or add $3,100. to sales price to keep stainless steel appliances.
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