1143 Richland Ln Prineville, OR 97754

This exceptional mixed-use investment property in Prineville, Oregon, presents a compelling opportunity for astute investors. Located at 1143 NW Richland Ln, 97754, this stabilized investment boasts a strong 8.91% cap rate and a substantial net operating income (NOI) of $37,332. The property comprises two buildings on a 0.41-acre lot, totaling 3,500 square feet of net rentable space. The main structure, built in 1987, offers 1,627 square feet of living space, featuring an open floor plan, five extra-large bedrooms with ample closet space, and accessibility features including wheelchair access, a walk-in tub, and a walk-in shower. Additional amenities include a spacious sunroom, a two-car garage, an extra-large carport, a sizable storage building, RV hookups with a dump site, and an in-ground sprinkler system. Recent upgrades include new roofs on both buildings. The property is currently generating $2,700 in monthly rental income from the home and an additional $800 from the RV space and garage, resulting in 100% occupancy. The C2 zoning allows for a variety of commercial and residential uses, making this a versatile and highly profitable investment. The property's location along Ochoco Creek provides a private and desirable setting. The asking price is $419,000, representing a price per square foot of $257.53. This property is a turnkey investment ready to generate immediate income.