433 9th ST, Madras, OR 97741
433 9th ST, Madras, OR 97741
433 9th ST, Madras, OR 97741
433 9th ST, Madras, OR 97741
433 9th ST, Madras, OR 97741
433 9th ST, Madras, OR 97741
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Brad Knotts

Brad Knotts

Central Oregon

+1(503) 580-5206
$ 304,000
Est. payment | /mo

1,863 SqFt

Save
$ 304,000
Est. payment | /mo
Save

1,863 SqFt

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 1,863 sqft

Price per Sqft $163

Subdivision Madras

MLS Listing ID 220215771

Style Ranch,Traditional

Year Built 1946

Annual Tax Amount $2,255

Lot Size 6,969 Sqft

Acres 0.16

Lot Dimensions 0.16

Property Sub-Type Duplex

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.

Location

State OR

County Jefferson

Community Madras

Direction Highway 97, East on buff Street, and North on 9th Street to the property.

Rooms

Basement Partial

Interior

Interior Features Dual Flush Toilet(s), Fiberglass Stall Shower, Laminate Counters, Pantry, Shower/Tub Combo, Solid Surface Counters, Walk-In Closet(s)

Heating Electric, Heat Pump, Wall Furnace, Zoned

Cooling Central Air, Heat Pump, Wall/Window Unit(s)

Exterior

Exterior Feature Courtyard, Fire Pit

Parking Features Driveway

Roof Type Composition,Metal

Building

Lot Description Fenced, Garden, Landscaped, Sloped, Xeriscape Landscape

Foundation Concrete Perimeter, Slab, Stemwall

Water Water Meter

Architectural Style Ranch, Traditional

Level or Stories One, Two

Structure Type Block,Frame

New Construction No

Schools

High Schools Madras High

Others

Senior Community No

Tax ID 10155

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

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Standard

Oregon Datashare (MLSCO/SOMLS/KCAR)
Listed by eXp Realty, LLC

NEARBY SCHOOL & BUSINESS

MORE Realty Bend/Central Oregon

+1(541) 255-3733

centraloregon@morerealty.com

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