NOT LISTED FOR SALE

2000 SW Salmon Ave Redmond, OR 97756

-- Bed
-- Bath
12,472 Sq Ft
0.77 Acres

Last Sold January 25, 2021

Last sale price $435,000 $35 Per Sq Ft

51 Days on Market

Highlights

  • New Construction
  • 0.77 Acre Lot
  • No HOA
  • Sage Elementary School Rated A-
  • Contemporary Architecture
  • 3-minute walk to Raprd Activity Center

About This Home

As of January 2021

INVESTOR/DEVELOPER/BUILDER--13 total units ready to build!-- 8 plex and 5 plex on .77 acres in a prime location in SW Redmond in the Opportunity Zone! All planned units 2 bed 2 bath. Package includes land, full architectural and building plans, civil and structural engineering. Final stages of City of Redmond permitting process complete and ready to issue. Site Development, Building, Plumbing and Mechanical permits ready to issue. Water and sewer stubbed to lot. Shovel ready project perfect for 1031 buyers as a replacement property for Opportunity Zone capitol gain tax advantages. Total project cost including land purchase 2.6mil. Cap rate 6.18. Cash on cash return 7.23. Internal rate of return 23.96 with an equity multiple of 1.83. Estimated. Buyer to do due diligence.

Last Agent to Sell the Property

Thomas Nichols

Fred Real Estate Group License #201227101 Listed on: 09/08/2020

Last Buyer's Agent

Tom Nichols

Ninebark Real Estate License #201227101

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $695

Year Built

  • Built in 2021 | New Construction

Lot Details

  • 0.77 Acre Lot
  • Two or More Common Walls

Parking

  • Parking Lot

Home Design

  • Contemporary Architecture
  • Northwest Architecture
  • Slab Foundation
  • Frame Construction
  • Composition Roof

Interior Spaces

  • 3-Story Property
  • Electric Fireplace

Flooring

  • Concrete
  • Vinyl

Schools

  • Sage Elementary School
  • Obsidian Middle School
  • Ridgeview High School

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating Available

Listing and Financial Details

  • Assessor Parcel Number 188355

Community Details

Overview

  • No Home Owners Association
  • 13 Units
  • Parkers Place Subdivision

Building Details

  • Gross Income $227,000
  • Net Operating Income $154,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$695

Year Built

Built in 2021 | New Construction

Lot Details

0

Listing Details

  • Architectural Style: Contemporary, Northwest
  • Unit Levels: Three Or More
  • Lot Size Acres: 0.77
  • Prop. Type: Residential Income
  • New Construction: Yes
  • Property Sub Type: Multi Family
  • Road Surface Type: Paved
  • Subdivision Name: Parkers Place
  • Year Built: 2021
  • Total Gross Income: 227000.0
  • Co List Office Phone: 541-647-6556
  • Outside Inclusions: Architectural Plans, Structural and Civil Engineering
  • MLS Status: Closed
  • ResoBuildingAreaSource: Other
  • General Property Information Elementary School: Sage Elem
  • General Property Information Middle Or Junior School: Obsidian Middle
  • General Property Information High School: Ridgeview High
  • General Property Information:Zoning2: R5
  • General Property Information Audio Surveillance on Premises YN: No
  • Road Surface Type:Paved: Yes
  • Sewer:Public Sewer: Yes
  • Water Source:Public: Yes
  • General Property Information New Construction YN: Yes
  • Flooring:Vinyl: Yes
  • Utilities:Electricity Connected: Yes
  • Roof:Composition: Yes
  • Architectural Style Northwest: Yes
  • Architectural Style:Contemporary: Yes
  • Flooring Concrete: Yes
  • Foundation Details Slab: Yes
  • General Property Information Estimated Completion Date: 2021-06-30
  • Levels Three Or More: Yes
  • Common Walls 2 Common Walls: Yes
  • Special Features: NewHome

Interior Features

  • Fireplace Features: Electric
  • Flooring: Concrete, Vinyl
  • Fireplace: Yes
  • Fireplace Features:Electric: Yes

Exterior Features

  • Common Walls: 2+ Common Walls
  • Construction Type: Frame
  • Foundation Details: Slab
  • Roof: Composition
  • Construction Materials:Frame: Yes

Garage/Parking

  • Parking Features: Parking Lot
  • Attached Garage: No
  • Parking Features:Parking Lot: Yes

Utilities

  • Cooling: Wall/Window Unit(s)
  • Heating: Electric
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Heating:Electric2: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Schools

  • Elementary School: Sage Elem
  • High School: Ridgeview High
  • Middle Or Junior School: Obsidian Middle

Lot Info

  • Additional Parcels: No
  • Lot Size Sq Ft: 33541.2
  • Parcel #: 188355
  • ResoLotSizeUnits: Acres
  • Zoning Description: R5
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units Total: 13
  • Net Operating Income: 154200.0
  • Annual Operating Expense: 61100.0

Tax Info

  • Tax Annual Amount: 695.05
  • Tax Year: 2019

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/25/2021 01/25/21 Sold $435,000 +1.2% $35 / Sq Ft
09/30/2020 09/30/20 Pending -- -- --
08/10/2020 08/10/20 For Sale $430,000 -- $34 / Sq Ft
Source: Oregon Datashare

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2021

    Thomas Nichols

    Fred Real Estate Group

  • Tom Nichols

    Buyer's Agent in 2021

    Tom Nichols

    Ninebark Real Estate

    (406) 381-9784

    4 in this area

    13 Total Sales

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Map

Source: Oregon Datashare

MLS Number: 220106840

Oregon Datashare

APN: 188355

Oregon Deschutes County Redmond 97756

2000 SW Salmon Ave, Redmond, OR

This home is located at 2000 SW Salmon Ave, Redmond, OR 97756 since 08 September 2020. This property was built in 2021. 2000 SW Salmon Ave is a home located in Deschutes County with nearby schools including Sage Elementary School, Obsidian Middle School, and Ridgeview High School.

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