Hatch Townhomes
2511-2598 NW Spruce Cone Ln, Redmond, OR 97756
Marketing 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.
Investment highlights
- 16 Units on 1.04 Acres
- 100% Occupied
- Mixed 2 & 3 Bed Townhome Units
- Eight Duplexes on 16 Tax Parcels
- Professionally Managed
- Cap Rate: 4.74% In-Place 4.88% Market
- Newer Construction
- Attached 2-Car Garages
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