433 SE 9th Street, Madras, OR 97741
- $304,000
- List Price
- $304,000
- Price Change
- ▼ $11,000 1779835989
- MLS#
- 220215771
- Status
- ACTIVE
- City
- Madras
- County
- Jefferson
- Year Built
- 1946
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.
Additional Information
- Taxes
- $2,255
- Acres
- 0.16
- View
- Territorial
- Water
- Water Meter
- Heating
- Electric, Heat Pump, Wall Furnace, Zoned
- Foundation
- Concrete Perimeter, Slab, Stemwall
- Flooring
- Carpet, Vinyl
- Elementary School
- Buff Elementary
- Middle School
- Jefferson County Middle
- High School
- Madras High
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Listing courtesy of eXp Realty, LLC.
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