So much potential with this steady income producing property! Great tenants with established rental income. Rent increases go into effect 3-1-21, $4120 monthly. Current monthly income $3800, Estimated income for 2021 $48,800. Expenses est $6370, includes property taxes. NOI apx $42,430. CAP Rate 5.5% w/o interest. New roof 2018. Freshly painted exterior. Large private backyard areas with room for privacy. All units are the same size and floor plan. Upgrade to larger units possible with approval. Carports and storage for each unit. So close to The Old Mill District, Downtown Bend, the Deschutes River and all that Bend has to offer. One block from Jaycee Park with playground. Always rented. No Problem. Unit 524 was previous owner's personal residence and has a much larger backyard area. 530 has a door out from bedroom to a small covered area. Just a slow train behind, transfers, loading and never going at full speed. The sound is not bothersome and is comforting in most tenant opinion
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