433 SE 9th StreetMadras, OR 97741
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 Type:
Residential Income
- Architectural Style:
Ranch, Traditional
- Bedrooms:
- Bathrooms:
0
- Dwelling Size:
0 SqFt
- Lot Size:
0.16 Acres
- Lot Description:
- Stories:
- Year Built:
1946
- Interior Features:
Dual Flush Toilet(s), Fiberglass Stall Shower, Laminate Counters, Pantry, Shower/Tub Combo, Solid Surface Counters, Walk-In Closet(s)
- Exterior Features:
Courtyard, Fire Pit
- Parking:
Garage or Parking Spaces:
Features: Driveway
- Area:
- Views:
Territorial
- Schools:
High School(s): Madras High
Middle School(s): Jefferson County Middle
Elementary School(s): Buff Elementary
- HOA:
- Senior Community:
- Heating:
Electric,Heat Pump,Wall Furnace,Zoned
- Cooling:
Central Air,Heat Pump,Wall/Window Unit(s)
- Appliances:
Dryer, Range, Refrigerator, Washer, Water Heater
- Fireplace:
Fireplace(s):
Features:
- Accessibility:
- Security Features:
Carbon Monoxide Detector(s), Smoke Detector(s)
- Foundation:
Concrete Perimeter,Slab,Stemwall
- Roof:
Composition,Metal