BEDS0
BATHS
SQUARE FEET1,863
MLS#220215771
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONMadras
Property Description
Excellent Investment Opportunity - 433 & 435 SE 9th St Madras. Two Homes on One Property! This income-producing property features two separate homes on one lot (not a duplex). The larger residence offers 1,376 sq. ft. with 2 bedrooms and 1 bathroom, while the smaller home includes 487 sq. ft. with 1 bedroom and 1 bathroom. Both homes have updated electrical, HVAC, Roof, and plumbing systems and 3 year old solar system, keeping utility costs extremely low. Current monthly rental income is $2,700, making this a strong cash-flow opportunity. Each unit includes its own private storage area. Both homes are in good condition with updated flooring and fixtures throughout. Tenants are long-term, reliable renters. Fridges, ranges, washers & dryers included. Buyer may assume solar lease of $38,000 at 0.5%. If Buyer assumes lease, purchase price reduced accordingly. No showings without an accepted offer. Seller is licensed Oregon, Real Estate Agent.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Central Air, Heat Pump, Wall/Window Unit(s)
Fenced: Yes
Heating: Electric, Heat Pump, Wall Furnace, Zoned
Home Style: Ranch, Traditional
Lot Size: 0.16 Acres
Roof Type: Composition, Metal
Stories: 1.0
Taxes: $2,255
Year Built: 1946
Feature Descriptions
Exterior: Block, Frame
Sewer: Public Sewer
Special View Info: Territorial
Units: 2
Local Schools
High School: Madras
Middle School: Jefferson County
Elementary School: Buffentary
Listed By / Shown By
Listed By
Agency Name: eXp Realty, LLC
Shown By
Agent Name: Jerrie Reddell
Agent Phone: (541) 891-5078
Agency Title: Fisher-Nicholson Realty LLC
Estimate Your Payment
Estimated Payment
$ 1,977.56 per month $1,697.77 Principal & Interest $187.92 Property Tax $91.88 Homeowner's Insurance
433 SE 9th Street | MLS# 220215771
This multi-family property located at 433 SE 9th Street, Madras, OR 97741 is currently listed for sale with an asking price of $315,000. Search Madras real estate on jerriereddell.fnrhomes.com today.