1441 NW 4th StreetRedmond, OR 97756
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 Type:
Residential Income
- Architectural Style:
Contemporary
- Bedrooms:
- Bathrooms:
0
- Dwelling Size:
0 SqFt
- Lot Size:
0.69 Acres
- Lot Description:
- Stories:
- Year Built:
2023
- Interior Features:
Ceiling Fan(s), Fiberglass Stall Shower, Kitchen Island, Open Floorplan, Shower/Tub Combo, Solid Surface Counters, Vaulted Ceiling(s)
- Exterior Features:
- Parking:
Attached Garage
Garage or Parking Spaces:
Features: Asphalt, Attached, Garage Door Opener, Shared Driveway, Parking Lot
- Area:
- Views:
- Schools:
High School(s): Redmond High
Middle School(s): Elton Gregory Middle
Elementary School(s): John Tuck Elem
- HOA:
- Senior Community:
- Heating:
Ductless,Heat Pump
- Cooling:
Ductless,Heat Pump
- Appliances:
Dishwasher, Dryer, Microwave, Oven, Range, Refrigerator, Washer, Water Heater
- Fireplace:
Fireplace(s):
Features:
- Accessibility:
- Security Features:
Carbon Monoxide Detector(s), Smoke Detector(s)
- Foundation:
Stemwall
- Roof:
Composition