2141 SW 19th St - Apartments FOR SALE


Redmond, OR 97756
$1,700,000 USD
971-707-0335
2141 SW 19th St, Redmond, OR for Sale
$1,700,000 USD
Apartments - FOR SALE
1/22
null | 7% Cap Rate

2141 SW 19th St
Redmond, OR 97756


HIGHLIGHTS

  • Seller carry terms available!
  • 7% proforma cap with over 7.5% cash flow
  • All units 1,768 SF 4bd/3ba townhomes
  • 2022 construction with high-end finishes
  • Full-sized garages and off-street parking
  • One mile from downtown Redmond and Redmond Airport

OVERVIEW

Exciting investment opportunity! The 19th Street Apartments, built in 2022, feature four spacious 4bd/3ba townhome-style units with 1,748 sq. ft. each. Boasting high-end finishes, stainless steel appliances, granite countertops, LVP flooring, and energy-efficient heat pumps, these units offer modern comfort. With 25% occupancy and three units available for lease, this turn-key, low-maintenance property is perfectly positioned in Redmond’s fast-growing rental market. Don’t miss out!

FOR SALE DETAILS

PRICE

$1,700,000 USD

PRICE/SF

$240 USD /SF

# OF UNITS

4

PRICE/UNIT

$425,000

CAP RATE

7%

% LEASED

25%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Seller Financing - 19th Street Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2022

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.25 AC

LAND SF

10,890 SF

ZONING

R5

APN/PARCEL ID

164659

ASK ABOUT THIS PROPERTY

Patrick MulhernSMI Real EstateMore Info
971-707-0335

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Patrick MulhernSMI Real EstateMore Info
971-707-0335

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.