About 51395 Preble Way
The site is improved with a 14 unit multi family development constructed in 2021 and is made up of 14 - three bedroom, two bathroom permanently affixed manufactured homes. This income producing development is located in Central Oregon in the up and coming town of La Pine. It's close to Sunriver, Bend and all the outdoor adventures that draw people to Central Oregon. Rental rates are due to increase early next year only adding to the attractive 6.5 cap rate based on current year to date numbers.
Features of 51395 Preble Way
| MLS® # | 220191675 |
|---|---|
| Price | $3,563,815 |
| Acres | 1.44 |
| Year Built | 2021 |
| Type | Residential Income |
| Sub-Type | Multi Family |
| Style | Traditional |
| Status | Active |
Community Information
| Address | 51395 Preble Way |
|---|---|
| Subdivision | Lapine |
| City | La Pine |
| County | Deschutes |
| State | OR |
| Zip Code | 97739 |
Amenities
| Parking | Asphalt, Assigned, Driveway, Storage |
|---|---|
| Is Waterfront | No |
Interior
| Heating | Forced Air, Natural Gas |
|---|---|
| Cooling | Central Air |
| Fireplace | No |
| Stories | One |
| Levels | One |
Exterior
| Roof | Composition |
|---|---|
| Foundation | Pillar/Post/Pier |
School Information
| Elementary | LaPine Elem |
|---|---|
| Middle | LaPine Middle |
| High | LaPine Sr High |
Additional Information
| Date Listed | October 21st, 2024 |
|---|---|
| Days on Market | 204 |
| Zoning | CRMX |
| Horse Property | No |
Listing Details
| Office | Knightsbridge International |
|---|