Description
Are you looking to add to your property portfolio, this is it! A truly fabulous fourplex that has been well maintained throughout. It’s located in a quiet neighborhood surrounded by sidewalks and well cared for homes. This property sits on an ideal corner lot. All units are townhome style with an open concept floorplan. They come with full kitchen appliances, washers and dryers. Many updates have already been made throughout and vary per unit. Some highlights include newer appliances, luxury vinyl plank flooring, carpet, interior paint, blinds, baseboards, hardware and plumbing fixtures. Units 1 & 4 are comfortable at approximately 1,100sf with 2 bedrooms and 2.5 baths, while units 2 & 3 are a little more spacious at approximately 1,200sf with 3 bedrooms and 2.5 baths. Location is superb, close to schools, parks and trails. Shopping and dining are less than 1.5 miles away, making it convenient while keeping home life peaceful for tenants. The numbers don’t lie. With a healthy and balanced projected cap rate of 6.18% this property would be a welcomed addition to any portfolio. The HOA has continued to be well managed by the same management company for the past 15 years. What this means for you is consistency and less worry. Units 1-3 are currently leased. Please do not disturb the tenants. Unit 4 can be shown by appointment only. Photos of units 1-3 were taken prior to tenant move in.
Details
| MLS # | 286696634 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 2002 |
| Days On Site | 163 |
| Listing Provided By | Keller Williams PDX Central | Tami Liesy |
Features
| SQ Feet | 4,848 |
|---|---|
| Garage | 4 |
| Basement | Y |
| Story(s) | 2 |
| Units | 10 |
| Zoning | R4 |
| Acreage | 0.18 |
Interior
| Heating | Wall Heater |
|---|---|
| Heating Yn | No |
| Cooling Yn | No |
Exterior
| Roof | Composition |
|---|---|
| Security Features | Sidewalk |
| Foundation Details | Concrete Perimeter |
| Lot Features | Corner Lot, Level |
Parking
| Attached Garage Yn | No |
|---|---|
| Parking Features | Driveway, Garage |
Taxes
| Property | 9144 |
|---|
Area Information
| State | OR |
|---|---|
| County | Deschutes |
| City | Redmond |
| Zip Code | 97756 |
| School District | Redmond |
| Elementary School | Hugh Hartman |
| High School | Redmond |
| Listing VS Median (in 97756) | |
Price: $1,149,000 low | high Med: $548,700 sqft: 4,848 low | high Med: 1,708 $ / sqft: $237 low | high Med: $322 On site: 163 low | high Med: 142 | |
Market Activity 97756
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Learn More About This Property
| State | OR |
|---|---|
| County | Deschutes |
| City | Redmond |
| Zip Code | 97756 |
| School District | Redmond |
| Elementary School | Hugh Hartman |
| High School | Redmond |
| Listing VS Median (in 97756) | |
Price: $1,149,000 low | high Med: $548,700 sqft: 4,848 low | high Med: 1,708 $ / sqft: $237 low | high Med: $322 On site: 163 low | high Med: 142 | |
 | $1,149,0002531 Nw Cedar Ave 1-4Redmond, OR 97756 |