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For sale 22 days ago

$1,200,000

794099 sqft

18785 Tumalo Reservoir Road Bend, OR 97703, Bend, OR 97703

Lot

Current Rent **

$6,000

Projected Rent **

N/A

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

Build your dream home......

Build your dream home on this spectacular 18.23-acre property in desirable Tumalo. Enjoy beautiful, wooded trees & views of the Cascade Mountains, promising a private & peaceful retreat adjacent to BLM land. Key features: Impressive Shop: 40x50 clear-span steel building constructed in 2017, featuring 17' outside walls, 2800 sqft of floor space (half is 2 stories), full bath, mini kitchen area, 30 tons of A/C, 2 mini splits & a septic system. This high-quality shop offers endless opportunities & is currently leased at $6K per month. Approved CUP in place for a non-farm dwelling. ''Need AC/DC? How about 800-amp electrical service?'' Water Needs! A 7,000-Gallon Cistern & a 1,750-Gallon water recovery system equipped w/ irrigation. This prime location offers easy access to the river, hiking/biking trails, The Bite Tumalo (beer/food carts), Tumalo State Park, and just a short drive to town, shopping, & restaurants.

Location:

18785 Tumalo Reservoir Road Bend, OR 97703, Bend, OR 97703

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* The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.

** Current rent and projected rent are provided by the lister.

† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.

‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.