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Sierra Residence & Apartment 20826 NE Sierra Dr 2 Unit Apartment Building $779,000 ($389,500/Unit) Bend, OR 97701
INVESTMENT HIGHLIGHTS
- 3 bedroom residence with free standing 1 bedroom fully furnished apartment
- Great condition
- Great tenants through 6/30/2025 and want to extend
EXECUTIVE SUMMARY
Owner/Investor opportunity. Quality 3 bedroom home featuring an open great room with gas fireplace, maple kitchen with SS appliances and primary bedroom with walk-in closet, soaking tub & shower. PLUS a free standing 1 bedroom apartment (ADU) with single car garage and extra storage. The ADU is “turn key” and is fully furnished with all appliances, stereo, TV, deco, washer/dryer, etc. Convenient location near parks and schools. Private backyard with garden shed. Over $50,000 per year in gross income with more details upon request. Sellers are Oregon Realtors.
FINANCIAL SUMMARY (PRO FORMA - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$50,316
|
$28.51
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$50,316
|
$28.51
|
| Taxes |
$6,260
|
$3.55
|
| Operating Expenses |
$9,248
|
$5.24
|
| Total Expenses |
$15,508
|
$8.79
|
| Net Operating Income |
$34,808
|
$19.72
|
FINANCIAL SUMMARY (PRO FORMA - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $50,316 |
| Annual Per SF | $28.51 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $50,316 |
| Annual Per SF | $28.51 |
| Taxes | |
|---|---|
| Annual | $6,260 |
| Annual Per SF | $3.55 |
| Operating Expenses | |
|---|---|
| Annual | $9,248 |
| Annual Per SF | $5.24 |
| Total Expenses | |
|---|---|
| Annual | $15,508 |
| Annual Per SF | $8.79 |
| Net Operating Income | |
|---|---|
| Annual | $34,808 |
| Annual Per SF | $19.72 |
PROPERTY FACTS
| Price | $779,000 | Building Class | B |
| Price Per Unit | $389,500 | Lot Size | 0.18 AC |
| Sale Type | Investment | Building Size | 1,765 SF |
| No. Units | 2 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 2002 |
| Apartment Style | Single-Family Home | Parking Ratio | 1.7/1,000 SF |
| Zoning | RM - Multi-family zoning | ||
| Price | $779,000 |
| Price Per Unit | $389,500 |
| Sale Type | Investment |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Single-Family Home |
| Building Class | B |
| Lot Size | 0.18 AC |
| Building Size | 1,765 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 2002 |
| Parking Ratio | 1.7/1,000 SF |
| Zoning | RM - Multi-family zoning |
AMENITIES
- Smoke Detector
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Dishwasher
- Disposal
- Fireplace
- Microwave
- Storage Space
- Washer/Dryer
- Bay Window
- Ceiling Fans
- Double Vanities
- Kitchen
- Hardwood Floors
- Vaulted Ceiling
- Ice Maker
- Refrigerator
- Satellite TV
- Oven
- Sprinkler System
- Stainless Steel Appliances
- Range
- Tub/Shower
- Walk-In Closets
- Carpet
- Yard
- Attic
- Breakfast Nook
- Built-In Bookshelves
- Deck
- Double Pane Windows
- Greenhouse
- Lawn
- Mother-in-law Unit
- Pantry
- Window Coverings
SITE AMENITIES
- Fenced Lot
- Gas Range
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Sierra Residence & Apartment | 20826 NE Sierra Dr
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