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Red Cedar Apartments 1441-1461 NW 4th St 20 Unit Apartment Building $6,300,000 ($315,000/Unit) 5.66% Cap Rate Redmond, OR 97756
INVESTMENT HIGHLIGHTS
- Located conveniently in the heart of North Redmond between Walmart and St Charles Hospital
- Walking access to retailers, daycare, healthcare, food service and more. Studio apartment and two car garage on 1st floor, 2nd/3rd flr townhome
EXECUTIVE SUMMARY
Two Duplex and Two Triplex Buildings. Each unit has two rentable doors. Each building on its own tax lot.
PROPERTY FACTS
| Price | $6,300,000 | Apartment Style | Garden |
| Price Per Unit | $315,000 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.70 AC |
| Cap Rate | 5.66% | Building Size | 3,584 SF |
| No. Units | 20 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 2023 |
| Property Subtype | Apartment | Parking Ratio | 0.56/1,000 SF |
| Zoning | C1 | ||
| Price | $6,300,000 |
| Price Per Unit | $315,000 |
| Sale Type | Investment |
| Cap Rate | 5.66% |
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 0.70 AC |
| Building Size | 3,584 SF |
| No. Stories | 3 |
| Year Built | 2023 |
| Parking Ratio | 0.56/1,000 SF |
| Zoning | C1 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+3.5 | 20 | $3,188 | 1,972 - 2,263 |
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PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $0 | Total Assessment | $1,627,510 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,627,510
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Red Cedar Apartments | 1441-1461 NW 4th St
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