Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
2023
Sq.Footage
N/A
Red Cedar Apartments — offered at a 5% cap rate — is a newly built, 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.
Features & Amenities
Interior
-
Other Interior Features
Ceiling Fan(s), Kitchen Island, Open Floorplan, Vaulted Ceiling(s)
-
Total Bedrooms
N/A
-
Bathrooms
N/A
-
Cooling YN
YES
-
Cooling
Ceiling Fan(s), Ductless, Heat Pump
-
Heating YN
YES
-
Heating
Ductless, Heat Pump
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
Frame
-
Parking
Asphalt, Attached, Garage Door Opener, Shared Driveway, Parking Lot
-
Pool
No
Area & Lot
-
Lot Size(acres)
0.69
-
Property Type
Residential Income
-
Property Sub Type
Multi Family
-
Architectural Style
Contemporary
Price
-
Sales Price
$6,300,000
-
Tax Amount
53547.0
-
Zoning
C1
-
Sq. Footage
N/A
-
Price/SqFt
N/A
HOA
-
Association
No
School District
-
Elementary School
John Tuck Elem
-
Middle School
Elton Gregory Middle
-
High School
Redmond High
Property Features
-
Sewer
Public Sewer
-
Tax Lot
1001, 1003, 601, 600
-
Water Source
Public
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Location
County
Deschutes
Elementary School
John Tuck Elem
Middle School
Elton Gregory Middle
High School
Redmond High
Listing Courtesy of Johnny Taylor Champa , Cascade Hasson SIR
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Broker
Christy Symons Your - Central Oregon Realtor
Call Christy today to schedule a private showing.
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