1441 NW 4th Street, Redmond, OR 97756
- $5,800,000
- List Price
- $5,800,000
- Price Change
- ▼ $250,000 1782425049
- MLS#
- 220213493
- Status
- ACTIVE
- City
- Redmond
- County
- Deschutes
- Year Built
- 2023
Property Description
Red Cedar Apartments -- offered at a 5.5% cap rate -- is a newly built, FULLY LEASED, 20-door multifamily asset in North Redmond designed for low-maintenance, ''set-it-and-forget-it'' ownership. The community features four buildings on four separate tax lots, allowing optional future sale of buildings individually. Two of the buildings each include 2 apartments + 2 studios, and two of the buildings each include 3 apartments + 3 studios, for a total of 20 rentable units. Townhome-style residences are paired with ground-level studios, appealing to multiple renter profiles. Fully leased and professionally managed, the property delivers consistent cash flow with tenants paying all utilities, lowering owner expenses. A modern, clean, new-construction investment offering durable income and flexibility.
Additional Information
- Taxes
- $53,547
- Acres
- 0.69
- Water
- Public
- Heating
- Ductless, Heat Pump
- Foundation
- Stemwall
- Flooring
- Vinyl
- Elementary School
- John Tuck Elem
- Middle School
- Elton Gregory Middle
- High School
- Redmond High
Mortgage Calculator
Listing courtesy of Cascade Hasson SIR.
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