Redmond, OR 97756
$3,250,000
Property Type:
Residential Income
Square Footage:
31,096
Lot Size (sq. ft.):
80,150
Status:
Closed
Current Price:
$3,250,000
List Date:
6/28/2015
Last Modified:
5/27/2026
Overview
Description
Listing Details MLS# 201506431
General Property Information
- Property Sub Type
- Multi Family
- Building Area Total
- 31096
- Building Area Source
- Assessor
- # of Units Total
- 40
- Year Built
- 2004
- New Construction YN
- No
- Building Permit Issued YN
- Yes
- Estimated Completion Date
- 2004-06-28
- Zoning
- R5
- Tax Annual Amount
- 42395
- CC&R's YN
- No
- Preferred Escrow Company & Officer
- Deschutes County Title/Libby Renfro
- Sign On Property YN
- No
Property Features
Appliances:
Dishwasher; Disposal; Dryer; Oven; Range; Refrigerator; Washer
Architectural Style:
Northwest
Construction Materials:
Frame
Cooling:
Central Air
Fireplace Features:
Living Room
Flooring:
Carpet; Vinyl
Foundation Details:
Stemwall
Heating:
Forced Air
Levels:
Two
Roof:
Composition
Lot Features:
Landscaped
Patio and Porch Features:
Deck; Patio
Road Surface Type:
Paved
Association Amenities:
Clubhouse
Sewer:
Public Sewer
Water Source:
Public
Listing Terms:
Cash
Location Tax and Legal
- County
- Deschutes
- State
- OR
- Postal Code
- 97756
Contract Information
- Original List Price
- 3500000
- List Price per SqFt
- 112.5546
- Listing Contract Date
- 2015-06-17
Remarks and Miscellaneous
- Public Remarks
- Cottonwood Place, a senior housing community. Unique opportunity to own this pride of ownership apartment complex in Redmond. All apartments feature washers, dryers, fireplaces, patios and air conditioning. Separate community room serves as a gathering place for the residents, and includes a kitchen, restrooms and manager's office. Conveniently located near the hospital and just blocks from town. Call Holly Polis at The Pennbrook Company for additional information and financial package.
Status Change Information
- Close Date
- 2015-10-22
- Under Contract Date
- 2015-08-19
- Status Change Timestamp
- 2015-12-18
- Close Price
- 3250000
- Sold Price per SqFt
- 104.515
More Information
Unit 1
- Unit #
- 30
- # of Bedrooms
- Yes
- # Full Baths
- Yes
- Monthly Rent
- 700
Unit 2
- Unit #
- 10
- # of Bedrooms
- 2
- # Full Baths
- Yes
- Monthly Rent
- 775
Parking Details
- # of Other Parking
- 50
Income and Expenses (Annual Amounts)
- Gross Income
- 345595
- Operating Expense
- 168245
- Net Operating Income
- 172167
Listing Office:
The Pennbrook Company
Last Updated: May - 27 - 2026
Information deemed reliable but not guaranteed.