Executive Summary
New construction with desirable location along SW Canal Boulevard in thriving Redmond, Oregon. 15 minute drive to Bend and 5 minute drive to the Redmond airport. 24 units, all 2 bed/bath with preferred high quality amenities to support long-term stable income potential. Construction is underway with an estimated completion date of August 2023.
Property Facts
Sale Type
Investment
Property Type
Multifamily
Property Subtype
Apartment
Building Size
25,000 SF
Building Class:
B
Building Height
Year Built
2023
Price
$8,000,000
Rental Rate
Price Per Unit
$329,167
Price Per SF
Cap Rate
5.16%
Term
No. of Units
24
No. of Stories
3
Lot Size
1.70 AC
Zoning
Parking
Construction Status
Under Construction