Courtesy: Knightsbridge International
541-312-2113
Hard to find 6.5% CAP rate in Central Oregon. 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 with A/C. Coming soon, an additional 56 units across the street at a same CAP rate. 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 the area. Development is professionally managed and has 100% occupancy with a waiting list.
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| 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 Xome Inc. 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). |
La Pine is located in Oregon. La Pine, Oregon has a population of 2,390. La Pine is less family-centric than the surrounding county with 14.94% of the households containing married families with children. The county average for households married with children is 29.18%.
The median household income in La Pine, Oregon is $44,180. The median household income for the surrounding county is $74,082 compared to the national median of $69,021. The median age of people living in La Pine is 49.2 years.
The average high temperature in July is 82.3 degrees, with an average low temperature in January of 18.5 degrees. The average rainfall is approximately 22.5 inches per year, with 94.6 inches of snow per year.
