$730,000
Redmond, OR 97756
MLS# 220176205
Status: Closed
3811 sqft

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Property Description
Fully rented triplex in SW Redmond. Each unit has 2 full bedrooms with additional office/den, 2.5 baths, open kitchen, gas fireplace, washer/dryer hook up and single car garage. Total current gross rents: $4,879/month (2428 - $1645, 2430 - $1750, 2432 - $1428).
Details
Maps
Documents
Location Tax and Legal
Street Number: 2428
Street Dir Prefix: SW
Street Name: Wickiup
Street Suffix: Court
County: Deschutes
State: OR
Postal Code: 97756
Subdivision Name: N/A
Contract Information
Current Price: $730,000
Status: Closed
Original List Price: 849000
Sold Price: $730,000
List Price per SqFt: 209.66
Listing Contract Date: 2024-01-24
General Property Information
Property Sub Type: Triplex
Building Area Total: 3811
Building Area Source: Assessor
Building Area Units: Square Feet
# of Units Total: 3
Year Built: 2002
Short Term Rental Permit YN: No
New Construction YN: No
Elementary School: Sage Elem
Middle Or Junior School: Obsidian Middle
High School: Ridgeview High
Zoning: R3
Tax Annual Amount: 5995.05
Tax Year: 2023
Potential Tax Liability YN: No
Assessment YN: No
CC&R's YN: No
Association YN: No
Preferred Escrow Company & Officer: Western Title Company - Shelley Marsh
FIRPTA YN: No
Sign On Property YN: No
Remarks and Miscellaneous
Public Remarks: Fully rented triplex in SW Redmond. Each unit has 2 full bedrooms with additional office/den, 2.5 baths, open kitchen, gas fireplace, washer/dryer hook up and single car garage. Total current gross rents: $4,879/month (2428 - $1645, 2430 - $1750, 2432 - $1428).
Status Change Information
Close Date: 2024-03-21
Under Contract Date: 2024-02-25
Status Change Timestamp: 2024-03-21
Close Price: 730000
Sold Price per SqFt: 191.55
Unit 1
Unit #: 2428
# of Bedrooms: 2
# Full Baths: 2
Square Footage: 1270
Monthly Rent: 1645
Status: Leased
Unit 2
Unit #: 2430
# of Bedrooms: 2
# Full Baths: 2
Square Footage: 1270
Monthly Rent: 1750
Status: Leased
Unit 3
Unit #: 2432
# of Bedrooms: 2
# Full Baths: 2
Square Footage: 1270
Monthly Rent: 1428
Parking Details
# of Garages: 3
Income and Expenses (Annual Amounts)
Gross Income: 63744
Number of Units Leased: 3
Operating Expense: 13371.84
Net Operating Income: 50372.16
Cap Rate: 5.93
Property Features
Appliances: Dishwasher; Disposal; Dryer; Microwave; Oven; Range; Refrigerator; Washer; Water Heater
Architectural Style: Northwest
Common Walls: 2+ Common Walls
Construction Materials: Concrete; Frame
Cooling: None
Fireplace Features: Gas
Flooring: Carpet; Vinyl
Foundation Details: Stemwall
Heating: Forced Air; Natural Gas
Interior Features: Ceiling Fan(s); Shower/Tub Combo; Walk-In Closet(s)
Levels: Two
Roof: Composition
Security Features: Carbon Monoxide Detector(s)
Window Features: Vinyl Frames
Utilities: Electricity Connected
Flood: N/A
Lot Features: Landscaped
Parking Features: Asphalt; Attached; Driveway; Other
Sewer: Public Sewer
Water Source: Public
Listing Terms: Cash; Conventional; FHA; VA Loan
Special Listing Conditions: Standard
Listing Office: Stellar Realty Northwest
Last Updated: November - 10 - 2024
Information deemed reliable but not guaranteed.