60929 Alpine DriveBend, OR97702

Excellent Revenue Potential! This is a rare opportunity to own a new 3-bed-2-bath 1,664 s.f. home (attached garage) with an unlimited Short Term Rental Permit (STR Type II), as well as a new 2-bed-1-bath 788 s.f. ADU (detached garage). The 12,000 square foot lot is excavated; the engineered site plan is approved; the construction permits are in hand; the application for a Whole House Rental (STR Type II) is approved. Have the finished product within 240 days of closing, in time to capture the lucrative 2023 holiday season. This is a great opportunity, as illustrated by this project's Cap Rate, which ranges from 7.13% to 7.87%, depending on the cost methodology (see attached analysis). Listing agent is an owner.

Financial Data