2598 NW Spruce Cone, Redmond, OR 97756

$6,240,000

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Listing courtesy of Compass Commercial Real Estate.

List Price
$6,240,000
MLS#
220223934
Status
ACTIVE
City
Redmond
County
Deschutes
Year Built
2022

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.

Additional Information

Taxes
$44,072
Acres
1.04
Water
Public
Heating
Zoned
Foundation
Slab
Flooring
Carpet, Laminate
Elementary School
Tom Mccall Elem
Middle School
Elton Gregory Middle
High School
Redmond High

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The data relating to real estate for sale on this web site comes in part from the Internet Data Display (IDX) of the Southern Oregon Multiple Listing Service. Real estate listings held by brokerage firms other than our company are marked with the IDX logo and detailed information about them includes the name of the listing brokers. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information subject to change and should be independently verified. Last updated: