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Listed by Keller Williams PDX Central

$1,199,000

Est. payment - /mo

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4,848 SqFt

New

2531 NW CEDAR AVE Redmond, OR 97756

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Nancy Kelly

nancy@nancykellyhomes.com +1(503) 805-5887

UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,848 sqft

Price per Sqft $247

MLS Listing ID 286696634

HOA Y/N Yes

Year Built 2002

Annual Tax Amount $9,144

Tax Year 2025

Lot Size 7,840 Sqft

Property 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. **New photos coming for exterior and unit 4. Photos of units 1-3 were taken prior to tenant move in.

Location

State OR

County Deschutes

Community Commons

Area _320

Zoning R4

Rooms

Basement Crawl Space

Interior

Heating Wall Heater

Exterior

Garage Spaces 4.0

Community Features Commons

Roof Type Composition

Garage No

Building

Lot Description Corner Lot, Level

Story 2

Foundation Concrete Perimeter

Sewer Public Sewer

Water Public Water

Level or Stories 2

Schools

Elementary Schools Hugh Hartman

Middle Schools Elton Gregory

High Schools Redmond

Others

HOA Name Parking included for the units are the garages and the space behind their garages. The extra 2 spaces are on a first come first serve basis.

Acceptable Financing Cash, Conventional, VALoan

Listing Terms Cash, Conventional, VALoan

Regional Multiple Listing Service (RMLS)

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Nancy Kelly

Broker | License ID: 880300070

+1(503) 805-5887

2531 NW CEDAR AVE Redmond, OR 97756

Nancy Kelly

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

NEARBY SCHOOLS & PROPERTIES

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2531 NW CEDAR AVE