1436 NE Whisper Ridge Dr, Bend, OR 97701

Excellent investment opportunity next to hospital in central Bend. Owner would prefer to offer financing with favorable rate and terms for investor. Please inquire for further details. Two 3 bedroom, 2.5 bath townhome-style duplexes, 1 block from the Hospital and walking distance shopping and restaurantes. Located on a private drive. Very private and quiet neighborhood with excellent neighbors, safe for kids to ride bikes and play. View of Pilot Butte, excellent sun. Unit is light and bright. Nice lot with plenty of space with potential for future development of additional units behind existing units. Fenced side and back yards overlooking 1/2 acre of open space behind units. Oftentimes deer and other wildlife abound. Nice patios and excellent privacy for BBQ cookouts. 1 car garages plus 2 dedicated parking spaces per unit with private drive overflow parking. One side is vacant and available for viewing. Previous renters in vacant unit paid $2700 per month. Other side is occupied by one long-term tenant, an elderly gentleman at $1825 per month, and can be raised to $2000 8/1/25. Current CAP rate, assuming vacant unit is rented at $2500 per month, is 5.36% with $6,000 annual reserve for repairs, maintenance, and vacancies. Gross Rents - $51,900 Taxes & Insurance - (5,800) Utilities - H2O - (1,800) Annual Reserve - (6,000) Net Operating Income (NOI) - 38,300 NOI / Purchase Price = 38,300/715,000 = 5.36% Property is being sold “As-Is”. Vacant unit is rental ready.