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- LoopNet Team
2699 NW Elm Ave
Redmond, OR 97756
27 Elm - Phase I & II- 58 Units · Multifamily Property For Sale
·
58 Units
INVESTMENT HIGHLIGHTS
- All units are newly built in 2018 and 2019
- Modern interior finishes including stainless steel appliances, solid quartz counter tops, sleek contemporary bathrooms, and large master suites
- 100% leased on Phase I and now 100% leased on Phase II
- Centrally located with easy access to downtown Redmond, Dry Canyon trails, and a less than 5 minute drive to Hwy 97
PROPERTY FACTS
| No. Units | 58 | Lot Size | 1.82 AC |
| Property Type | Multifamily | Building Size | 72,619 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Townhome | Year Built | 2018 |
| Building Class | B | Parking Ratio | 10/1,000 SF |
| Zoning | R4 | ||
| No. Units | 58 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | B |
| Lot Size | 1.82 AC |
| Building Size | 72,619 SF |
| No. Stories | 2 |
| Year Built | 2018 |
| Parking Ratio | 10/1,000 SF |
| Zoning | R4 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Microwave
- Heating
- Kitchen
- High Speed Internet Access
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Tub/Shower
- Deck
- Patio
- Vinyl Flooring
- Window Coverings
SITE AMENITIES
- Property Manager on Site
- Tenant Controlled HVAC
- Maintenance on site
- Online Services
- Individual Leases Available
ABOUT 2699 NW ELM AVE , REDMOND, OR 97756
The 27 Elm is where urban style meets modern living. This new mountain townhome project consists of 58 rental units on 42 tax lots totaling 2.77 acres.The project is made up of 15 buildings with 58 townhomes built in two phases with the final construction of Phase II expected by September 2019. See attached flyer for more details and a full offering memorandum is available with a Non Disclosure Agreement (NDA)which will be provided upon request. The buildings are wood frame construction, have insulating unit windows and modern shed shingle clad roofs. The architectural style blends the urban modern aesthetic with high desert mountain living and open balconies overlooking native landscaping. Alley load garages further the feeling of community as neighbors share front patios and balcony space for daily living. Clean lines and modern finishes on the interior fulfill the promise of the fresh urban exterior. Stainless steel appliances, solid quartz countertops, island kitchens, sleek contemporary bathrooms and large master suites create a high-end feel uncommon in rental inventory.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+2 | 15 | $1,450 | 1,159 - 1,210 |
| 3+3 | 43 | $1,603 | 1,145 - 1,274 |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $94,370 | Total Assessment | $94,370 |
PROPERTY TAXES
