1441 NW 4th Street, Redmond, OR 97756
- $5,800,000
- List Price
- $5,800,000
- Status
- ACTIVE
- Days on Market
- 247
- Price Change
- ▼ $250,000 1782425049
- MLS#
- 220213493
- Subtype
- Residential Income
- Style
- Contemporary
- Year Built
- 2023
- Lot Size
- 30,056
- Acres
- 0.69
- Subdivision
- N/A
- Neighborhood
- N/A
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.
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Additional Information
- Interior Features
- Ceiling Fan(s), Kitchen Island, Open Floorplan, Solid Surface Counters, Shower/Tub Combo, Fiberglass Stall Shower, Vaulted Ceiling(s)
- Taxes
- $53,547
- Property Description
- Contemporary
- Zoning
- C1
- Flooring
- Vinyl
- Appliances
- Dishwasher, Dryer, Microwave, Oven, Range, Refrigerator, Washer, Water Heater
- Heating
- Ductless, Heat Pump
- Air Conditioning
- Heat Pump, Ductless
- Stories
- Multi/Split, Three Or More
- Levels
- Multi/Split, Three Or More
- Roof
- Composition
- Foundation
- Stemwall
- Parking Features
- Asphalt, Attached, Garage Door Opener, Shared Driveway, Parking Lot
- Elementary School
- John Tuck Elem
- Middle School
- Elton Gregory Middle
- High School
- Redmond High
Listing courtesy of Cascade Hasson SIR.
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The data relating to real estate for sale on this web site comes in part from the Internet Data Display (IDX) of the Southern Oregon Multiple Listing Service. Real estate listings held by brokerage firms other than our company are marked with the IDX logo and detailed information about them includes the name of the listing brokers. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information subject to change and should be independently verified. Last updated: