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428 NE Burnside Ave

2 Unit Apartment Building $1,350,000 ($675,000/Unit) 5.11% Cap Rate Bend, OR 97701

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INVESTMENT HIGHLIGHTS

CLOSE TO PUBLIC TRANSPORTATION, SHOPPING & RESTAURANTS. NEW PEDESTRIAN WALKWAY TO 'OLD MILL DISTRICT"
BRAND NEW CONSTRUCTION. ONE UNIT IS BUILT WITH GREEN FLEX CONCRETE & 2ND UNIT IS WOOD STICK FRAMED

RENTAL INCOME PROPERTY: TAX DEFERRED EXCHANGE: OPPORTUNITY ZONE TAX BENEFITS: CENTRALLY LOCATED

EXECUTIVE SUMMARY

BEND OREGON "OPPORTUNITY ZONE" PROPERTY. LOCATED IN BEAUTIFUL BEND MIDTOWN AREA. TWO 2024 CUSTOM BUILT SINGLE FAMILY HOMES. BOTH HOMES BOAST: OPEN GREAT ROOM W/VAULTED CEILINGS & FAN. STAINLESS STEEL APPLIANCES, WOOD LAMINATE FLOORING THROUGHOUT. THREE BEDROOMS & THREE FULL BATHS. OFF STREET RV, BOAT, TOYS PARKING. TONS OF STORAGE. TWO CAR ATTACHED GARAGE WITH ENCLOSED STORAGE AREA. MINI SPLIT HEATING AND COOLING SYSTEM, ON DEMAND HOT WATER, SOFT CLOSE DRAWERS & CABINETS IN KITCHEN AND BATHROOMS
CLOSE TO RESTAURANTS, CROCERIES AND PUBLIC TRANSPORTATION. THREE BLOCK TO NEW PEDESTRIAN BRIDGE TO ENJOY THE OLD MILL AND BEAUTIFUL DOWNTOWN BEND !!
FINANCIAL ANALYSIS SPREADSHEETS AVAILABLE. TAX MAP AVAILABLE GIVE US A CALL TO TOUR THIS AWESOME PROPERTY !!

Operating and Financials

FINANCIAL SUMMARY (ACTUAL - 2024)	ANNUAL	ANNUAL PER SF
Gross Rental Income	$68,940	$22.03
Other Income	-	-
Vacancy Loss	-	-
Effective Gross Income	$68,940	$22.03
Taxes	$3,313	$1.06
Operating Expenses	$2,920	$0.93
Total Expenses	$6,233	$1.99
Net Operating Income	$62,707	$20.03

FINANCIAL SUMMARY (ACTUAL - 2024)

Gross Rental Income
Annual	$68,940
Annual Per SF	$22.03

Other Income
Annual	-
Annual Per SF	-

Vacancy Loss
Annual	-
Annual Per SF	-

Effective Gross Income
Annual	$68,940
Annual Per SF	$22.03

Taxes
Annual	$3,313
Annual Per SF	$1.06

Operating Expenses
Annual	$2,920
Annual Per SF	$0.93

Total Expenses
Annual	$6,233
Annual Per SF	$1.99

Net Operating Income
Annual	$62,707
Annual Per SF	$20.03

PROPERTY FACTS

Price	$1,350,000	Apartment Style	Single-Family Home
Price Per Unit	$675,000	Lot Size	0.14 AC
Sale Type	Investment	Building Size	3,130 SF
Cap Rate	5.11%	Average Occupancy	100%
No. Units	2	No. Stories	2
Property Type	Multifamily	Year Built	2024
Property Subtype	Apartment	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Price	$1,350,000
Price Per Unit	$675,000
Sale Type	Investment
Cap Rate	5.11%
No. Units	2
Property Type	Multifamily
Property Subtype	Apartment
Apartment Style	Single-Family Home
Lot Size	0.14 AC
Building Size	3,130 SF
Average Occupancy	100%
No. Stories	2
Year Built	2024
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

AMENITIES

Smoke Detector

UNIT AMENITIES

Air Conditioning
Balcony
Dishwasher
Disposal
Microwave
Storage Space
Heating
Ceiling Fans
Eat-in Kitchen

Kitchen
Hardwood Floors
Vaulted Ceiling
High Speed Internet Access
Ice Maker
Refrigerator
Oven
Sprinkler System
Stainless Steel Appliances

Range
Tub/Shower
Deck
Dining Room
Double Pane Windows
Framed Mirrors
Freezer
Handrails

Instant Hot Water
Lawn
Mud Room
Office
Porch
Vinyl Flooring
Window Coverings
Workshop

SITE AMENITIES

Fenced Lot
Car Wash Area
Gas Range

Smoke Free
Trash Pickup - Curbside

Walking/Biking Trails
Bicycle Storage

Public Transportation
Fiber Optic Internet

UNIT MIX INFORMATION

DESCRIPTION	NO. UNITS	AVG. RENT/MO	SF
6+5	2	$5,745	3,130

1 of 1

AERIAL
MAP

428 NE Burnside Ave, Bend, OR - AERIAL map view

Walk Score®

Very Walkable (76)

Bike Score®

Very Bikeable (84)

What is a Walk Score®, Transit Score® & Bike Score®?

Walk Score® measures the walkability of any address.

Transit Score® measures access to public transit.

Bike Score® measures bikeability of a location.

What is a Walk Score®

, Transit Score® & Bike Score?

Walk Score® measures the walkability

of any address. Transit Score®

measures access to public transit. Bike Score®

measures bikeability of a location.®

Learn How It Works Detailed Scores

ZONING

Zoning Code	RESIDENTIAL HIGH DENSITY (THIS PROPERTY IS LOCATED IN THE "OPPORTUNITY ZONE" WHICH HAS MANY TAX BENEFITS FOR A BUY AND HOLD TRANSACTION. MORE INFORMATION PROVIDED UPON REQUEST)
RESIDENTIAL HIGH DENSITY (THIS PROPERTY IS LOCATED IN THE "OPPORTUNITY ZONE" WHICH HAS MANY TAX BENEFITS FOR A BUY AND HOLD TRANSACTION. MORE INFORMATION PROVIDED UPON REQUEST)