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Thu

Jan

Fri

Jan

Sat

Jan

Kimi Fernandez

ms.kimi4re@gmail.com +1(541) 301-8332

$ 339,000

Est. payment | -/mo

2 Beds

1 Bath

1,088 SqFt

Save

$ 339,000

Est. payment | -/mo

Save

2 Beds

1 Bath

1,088 SqFt

Open House

Sat Jan 17, 12:00pm - 2:00pm

Sun Jan 18, 12:00pm - 2:00pm

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 1,088 sqft

Price per Sqft $311

Subdivision Fair Acres

MLS Listing ID 220213634

Style Bungalow

Bedrooms 2

Full Baths 1

Year Built 1943

Annual Tax Amount $2,579

Lot Size 0.410 Acres

Acres 0.41

Lot Dimensions 0.41

Property Sub-Type Single Family Residence

Property Description

Attention investors! Prime development opportunity in downtown Redmond. This 0.41-acre, R5-zoned lot offers high-density potential (up to 5 units) with redevelopment options that may include a cottage cluster, townhome-style units, or a multi-unit project. Located only 1 block from downtown Redmond restaurants, shops, and nightlife. The 2-bed, 1-bath, 1,088 sq ft home is livable as is, offering flexibility to renovate, rebuild, or redevelop. An additional outbuilding provides extra storage. Renovation or construction loan options available including 0% down VA, 3.5% down FHA, and 5% down conventional. Fix and flip / fix and hold loans may also be available. Possibilities are endless! Buyers to conduct their own due diligence regarding zoning, development potential, and financing.

Location

State OR

County Deschutes

Community Fair Acres

Interior

Heating Natural Gas, Other

Cooling None

Exterior

Parking Features Driveway, No Garage, On Street, Storage

Community Features Short Term Rentals Allowed

Roof Type Shake

Garage No

Building

Lot Description Fenced, Level

Foundation Slab

Water Public

Architectural Style Bungalow

Level or Stories Two

Structure Type Frame

New Construction No

Schools

High Schools Redmond High

Others

Senior Community No

Tax ID 122639

Security Features Carbon Monoxide Detector(s),Smoke Detector(s)

Acceptable Financing Cash, Private Financing Available

Listing Terms Cash, Private Financing Available

Special Listing Condition Standard

Listed by Knipe Realty ERA Powered

624 4th ST Redmond, OR 97756