1116 Sw Obsidian Avenue, Redmond

$400,000

0 Beds
0 Baths
3,000 Sqft
1 Acres
0 Garages

Big price drop provides about a 6% Cap Rate on property leased until April 2022. The DayCare has over 30 kids now and a waiting list of more than 70 but need some remodeling to increase enrollment. Tenant pays utilities and maintenance. There are 2 tax lots which may allow for an additional building or find a use for the existing barn. With about 200 apartments in planning stage next door, the future looks bright for this property. What could you do with this property?

Essential Information
MLS® #201807119
Price$400,000
Square Footage3,000
Acres1.00
Year Built1915
TypeCommercial Building
Sub-TypeIncome/Investment
StatusActive
Community Information
Address1116 Sw Obsidian Avenue
AreaRedmond/Terrebonne
SubdivisionM&B
CityRedmond
CountyDeschutes
StateOR
Zip Code97756
SectionSW
Amenities
Parking Spaces15
ParkingParking Lot-Asphalt
ViewCascade Mountain, Terrain
Interior Features

Security System, Kitchen, Handicap Equipped

Heating

Central AC, Natural Gas, Forced Air

Exterior
RoofComposition
ConstructionFrame
FoundationStemwall
Exterior Features

Drip System, Fenced, Landscaped

Additional Information
Date ListedJuly 11th, 2018
Days on Market372
Listing Details
OfficeRedmond Oregon Homes.com
LISTING MAP

Get directions to this property:

Properties for Sale Similar to 1116 Sw Obsidian Avenue, Redmond, OR

Photo of Listing #201811046

N/A, Redmond

$499,995 - 1,325 Sf

MLS® # 201811046

The Wicklund GroupCentral Oregon Association of Realtors Logo

The content relating to real estate for sale on this website comes in part from the MLS of Central Oregon. Real Estate listings held by Brokerages other than Berkshire Hathaway HomeServices Northwest Real Estate are marked with the Reciprocity/IDX logo, and detailed information about these properties includes the name of the listing Brokerage. © MLS of Central Oregon (MLSCO).

This content last updated on July 19th, 2019 at 7:59am PDT. Some properties which appear for sale on this website may subsequently have sold or may no longer be available.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

All content displayed on this website is restricted to personal, non-commercial use, and only for ascertaining information regarding real property for sale. The consumer will not copy, retransmit nor redistribute any of the content from this website. The consumer is reminded that all listing content provided by automatic transmission by MLSCO is © MLS of Central Oregon (MLSCO).

Sign up for email updates