1441 4th Street
Redmond, Oregon 97756
About This Home
Red Cedar Apartments -- offered at a 5.3% 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.
Property Details
MLS #
220213493
Status
Active
Property Type
Residential Income
Year Built
2023
Sq Ft
18,862
Lot Size
0.69 acres
Location
MLS #220213493. Information is deemed reliable but not guaranteed. Listing data provided by IDX Broker and subject to change without notice.
$6,050,000
1441 4th Street, Redmond, Oregon
