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$ 6,240,000
Est. payment /mo
Active
2598 Spruce Cone Redmond, OR 97756
23,178 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 23,178 sqft
Price per Sqft $269
Subdivision Dry Canyon
MLS Listing ID 220223934
Style Traditional
Year Built 2022
Annual Tax Amount $44,072
Lot Size 1.040 Acres
Acres 1.04
Lot Dimensions 1.04
Property Sub-Type Multi Family
Property Description
Hatch Townhomes offers investors the opportunity to acquire a newer townhome portfolio in Redmond's Dry Canyon area. The offering includes 16 total units across eight duplex buildings, with a mix of 14 three-bedroom townhomes and two two-bedroom townhomes. Units feature attached 2-car garages, modern finishes, and layouts ranging from 1,370 SF to 1,460 SF.
The portfolio is 100% occupied and professionally managed by High Desert Property Management. Current in-place rents remain below market for several units, creating a clear mark-to-market opportunity as scheduled increases take effect and leases renew. With 16 individual tax parcels, newer construction, and a park-adjacent setting near the Dry Canyon trail system, Hatch Townhomes offers stable current income with future pricing flexibility.
The portfolio is 100% occupied and professionally managed by High Desert Property Management. Current in-place rents remain below market for several units, creating a clear mark-to-market opportunity as scheduled increases take effect and leases renew. With 16 individual tax parcels, newer construction, and a park-adjacent setting near the Dry Canyon trail system, Hatch Townhomes offers stable current income with future pricing flexibility.
Location
State OR
County Deschutes
Community Dry Canyon
Interior
Heating Zoned
Cooling Zoned
Exterior
Parking Features Driveway, On Street
Roof Type Composition
Building
Foundation Slab
Water Public
Architectural Style Traditional
Level or Stories Two
New Construction No
Schools
High Schools Redmond High
Others
Senior Community No
Tax ID 280764
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Standard
Listed by Compass Commercial Real Estate
Nearby Locations