1441 4th ST, Redmond, OR 97756
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1441 4th ST, Redmond, OR 97756
1441 4th ST, Redmond, OR 97756
1441 4th ST, Redmond, OR 97756
1441 4th ST, Redmond, OR 97756
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Jared Hambrook

Jared Hambrook

+1(503) 930-2124
$ 5,800,000
Est. payment /mo
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Price Dropped by $250K

1441 4th ST Redmond, OR 97756

18,862 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 18,862 sqft

Price per Sqft $307

MLS Listing ID 220213493

Style Contemporary

Year Built 2023

Annual Tax Amount $53,547

Lot Size 0.690 Acres

Acres 0.69

Lot Dimensions 0.69

Property Sub-Type Multi Family

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.

Location

State OR

County Deschutes

Interior

Interior Features Ceiling Fan(s), Fiberglass Stall Shower, Kitchen Island, Open Floorplan, Shower/Tub Combo, Solid Surface Counters, Vaulted Ceiling(s)

Heating Ductless, Heat Pump

Cooling Ductless, Heat Pump

Window Features Double Pane Windows

Exterior

Parking Features Asphalt, Attached, Garage Door Opener, Shared Driveway, Parking Lot

Roof Type Composition

Building

Lot Description Xeriscape Landscape

Foundation Stemwall

Builder Name Timbergon Inc

Water Public

Architectural Style Contemporary

Level or Stories Three Or More, Multi/Split

Structure Type Frame

New Construction No

Schools

High Schools Redmond High

Others

Senior Community No

Tax ID 122333

Security Features Carbon Monoxide Detector(s),Smoke Detector(s)

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Standard

Oregon Datashare (MLSCO/SOMLS/KCAR)
Listed by Cascade Hasson SIR

NEARBY SCHOOLS & PROPERTIES

Jared Hambrook

Jared Hambrook

Principal Broker | License ID: 201211534

+1(503) 930-2124

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1441 4th ST

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