Exceptional investment and development opportunity on 1.59 acres. The property currently features three rental residences generating income (house and a duplex), providing an opportunity for immediate cash flow while exploring future development potential. The property's significant upside lies in its potential for a five-lot development, with the possibility of constructing… Read More a fourplex on each lot, creating a potential 20-unit multifamily project, subject to zoning, land-use approvals, and applicable development requirements. Infrastructure groundwork has already been initiated, including four sewer stubs and and two 8-inch water main roughed in on the property. These improvements may provide a valuable head start for investors, builders, and developers seeking to capitalize on Central Oregon's housing demand. Combine existing rental income with the potential for a substantial multifamily development. Read Less
Courtesy of Mark L Morzov, Cascade Hasson SIR 541-588-6614
Listing Snapshot
Days Online
1
Last Updated
Property Type
Duplex
Square Ft.
2
Lot Size
1.59 Acres
Year Built
1973
MLS Number
220231123
Additional Details
Property Access
Frontage Type: Shared Access, Road Surface: Paved
Appliances & Equipment
Dishwasher, Disposal, Double Oven, Oven, Range, Range Hood, Refrigerator, Water Heater
Building
Built in 1973, Levels: One, Construction Materials: Frame
Fireplaces
Wood Burning
Floors
Carpet, Vinyl
Foundation
Slab, Stemwall
Heating
Fireplace(s), Forced Air, Natural Gas
Interior Features
Breakfast Bar, Built-in Features, Ceiling Fan(s), Central Vacuum, Linen Closet, Open Floorplan, Shower/Tub Combo
Information herein is deemed reliable but not guaranteed and is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listings last updated on
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