New Construction
2000 SW Salmon Avenue Redmond, OR
$ 430,000
Property Attributes
  • MLS#220106840
  • TypePending
  • CityRedmond
  • NeighborhoodParkers Place
  • Zip97756
  • StyleContemporary,Northwest
  • Year Built2021
  • Taxes695
  • Price$ 430,000
  • Bedrooms13
  • Full Bathrooms13
  • Half Bathrooms0
  • Sqr Footage12472
  • Lot Size0.77 Acres
Listing Provided Courtesy Of:
Fred Real Estate Group
Property Description

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.

Elementary School Middle School High School
Sage Elem Obsidian Middle Ridgeview High
Price History
8/10/2020 Listed $430,000

General Features

# Of Units Total 13
Arch Style Contemporary, Northwest
Association? No
Construction Materials Frame
Cooling Wall/Window Unit(s)
Flooring Concrete, Vinyl
Heating Electric
Levels Three Or More
New Construction Y/N Yes
Property Sub Type Multi Family
Property Type C
Roof Composition
Sewer Public Sewer
Subdivision Name Parkers Place
Zoning R5

Interior Features

Common Walls 2+ Common Walls
Fireplace Features Electric

Exterior Features

Foundation Slab
Lot Size Acres 0.77
Lot Size Square Feet 33541.00
Parking Details: # Of Carports 16
Parking Details: # Of Other Parking 14
Parking Features Parking Lot
Road Surface Type Paved
Water Source Public


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 97756

AVG $450K
AVG $2,476
AVG 45
Year Built
AVG 2007

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