1647 Lotus DR Active Save Request In-Person Tour Request Virtual Tour
Bend,OR 97701
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,496 sqft
Price per Sqft $274
Subdivision Clab
MLS Listing ID 220194748
Style Traditional
Year Built 1945
Annual Tax Amount $2,886
Lot Size 6,534 Sqft
Property Sub-Type Duplex
Property Description
Income-Producing Single family home/Duplex: Originally a single-family home, this property now features a fully finished basement apartment, creating a duplex setup in a Residential Medium Density (RM) zone.
Perfect For multi-generational living, Investors looking for reliable cash flow with potential to increase returns, developers seeking properties with future growth potential, and Owner-occupants wanting to offset their mortgage by renting one unit while living in the other.
Property fully rented was generating $43,200 in annual gross income with room to increase rents. Bottom unit now vacant. Seller financing is being considered
Location
State OR
County Deschutes
Community Clab
Interior
Heating Electric,Wall Furnace
Cooling None
Fireplaces Type Gas,Great Room
Exterior
Exterior Feature Courtyard
Parking Features Alley Access,Attached,Gravel
Roof Type Composition
Building
Lot Description Level
Foundation Stemwall
Water Public
Structure Type Frame
New Construction No
Schools
High Schools Bend Sr High
Others
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Special Listing Condition Standard