2320 NW Lakeside
Bend, OR 97701
Great income potential! Multi-building property with 5 separate buildings on 3.13 acres of land. First building is currently leased, bringing in $2000 a month of rental income. Second, third and fourth building are set up for a 27 unit apartment like housing. Units are still in need of completion; approximately $5000 per apartment should complete the project. Once completed these 27 units can be rented out individually.
The 5th and largest building approximately 20,000+ sq ft used as large nursing home. Building includes large kitchen, nursing stations, hard floors, rooms with bathrooms and walls and windows. It was a nursing home that moved a year ago it was generating over 2 million a year. The place is vacant; it was licensed for 40 skilled care patients. There are 2 nurses’ stations downstairs with 21 rooms (private, semi private and some for 3 patients). There is a huge dining room with a capacity for 180. The kitchen is very large as well approximately 20 x 30. There is an elevator, The building is fully self-contained, even has a 20,000 watt generator in case of power outage. Everything is fully sprinkled and there is a 2 hour fire wall giving separation where necessary for a high residential rating. Upstairs has the capacity for 15 residential care guests. The license would be needed as the old one was moved and in use elsewhere. It would be easy and profitable to just to residential care, there is a need. The building needs some Sheetrock fixes and painted as the sheriff’s department did training for 2 weeks with paint ball guns. Just surface cosmetics.This property is a great value just for the one building. But there is much more.
Located in desirable NW Bend. Only a short drive away from everything Bend has to offer. Potential for being turned into a hostel, perfect for skiers and snowboarders looking for a place to stay in Central Oregon who crave to spend time at Mt. Bachelor. Property could also be used as multi-family living, nursing home, memory care center and much more. The potential for this property is unlimited.