Address
54 NW Lake Place NW Bend, OR
Price
$ 1,500,000
Property Attributes
  • MLS#220127556
  • TypeMulti-Family
  • CountyDESCHUTES
  • CityBend
  • AreaNW
  • NeighborhoodLarch
  • Zip97703
  • StyleCottage/Bungalow
  • Year Built1940
  • Taxes$ 2665
  • Price$ 1,500,000
  • Bedrooms8
  • Full Bathrooms8
  • Half Bathrooms0
  • Sqr Footage3418
  • Lot Size10,019 SqFt
Listing Provided Courtesy Of:
Compass Commercial Real Estate
Data Source:
MLS of Central Oregon (MLSCO) - 61 - OR
Property Description

Located just a few blocks from Downtown Bend in the Old Town Historic District, the Lake Place Apartments is in one of Bend's most exciting locations. Create something special in this converted hotel, which is now an eight-unit apartment complex. The Commercial Zoning, Opportunity Zone and Historic District combination is rare and creates a possibility for a visionary plan of trendy, upscale apartments, micro units, hotel, hostel, or more.The Lake Place Apartments is a charming property consisting of (4) two-bedroom apartments and (4) studios. It features an appealing courtyard and some onsite parking. The current income is far below market, but can provide cash flow pending redevelopment.

Elementary School Middle School High School
William E Miller Elem Cascade Middle Summit High
Price History
7/19/2021 Listed $1,500,000

General Features

# Of Units Total 8
Additional Features Common Area
Appliances Range, Refrigerator
Arch Style Cottage/Bungalow
Association? No
Basement Partial
Construction Materials Frame
Cooling None
Flooring Carpet, Laminate
Heating Forced Air, Natural Gas
Levels One
New Construction Y/N No
Property Type C
Roof Composition
Section NW
Security Features Carbon Monoxide Detector(s), Smoke Detector(s)
Sewer Public Sewer
Sub Type Multi Family
Subdivision Name Larch
Zoning CG

Interior Features

Common Walls 2+ Common Walls
Window Features Double Pane Windows, Vinyl Frames

Exterior Features

Exterior Features Courtyard
Foundation Brick/Mortar
Lot Description Landscaped, Sprinkler Timer(s), Sprinklers In Front, Sprinklers In Rear
Lot Size Acres 0.23
Lot Size Square Feet 10019.00
Parking Details: # Of Other Parking 5
Parking Features Alley Access, On Street, Parking Lot
Road Surface Type Paved
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 97703

Price
AVG $1.5M
$1.5M
Taxes
AVG $3,747
$2,665
Visits
AVG 52
20
Year Built
AVG 1966
1940
Walkscore
AVG 58
69
Data Provided by Walkscore ® not using MLS data