Current Status: Sold
SOLD AGAIN! If you are looking for bank owned investment property, here’s investment real estate property you don’t want to miss. Great price on 19 fully rented town homes. As a multifamily complex, the units are in great condition. Property consists of eight 3 bedroom units, and eleven 2 bedroom units. The 2 bedroom town homes have 2 master bedrooms upstairs and a 1/2 bath down stairs. The 3 bedroom units also have 2 1/2 bathrooms and the entire 3rd floor is the master bedroom. All of the units have vaulted ceilings in the bedrooms and gas fireplaces in the living rooms. If you are looking for a stable investment property in Central Oregon, this may be what you are looking for.
State of the Redmond, Oregon real estate market
According to property management companies, the current vacancy rate for rentals in Redmond, Oregon is approximately 3%. With so many investments struggling as a result of the economic conditions, multifamily in Central Oregon is proving to offer cap rates much higher than bigger metropolitan areas. This is no secret to investors, which makes acquiring these properties difficult, but well worth the wait. Call for more info!
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