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433 SE 9th St

Madras OR 97741

1863 sq. ft.
6969.6 sq. ft.
Duplex
Currently for sale - view listing

Overview

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.

Features

1863 sq. ft. floor area
6969.6 sq. ft. lot size
Duplex

Property history for 433 SE 9th St

2018
Sold
$97,500
23 Mar 2018 by Tina Tracy, of Bend Real Estate, LLC

Happy sellers in Madras

~%

We have insufficient information to provide an overview of customer satisfaction for Madras. Viewing the agent profiles, reviews and sales for Madras can provide insights for this location.

Local market activity for duplexes in Madras

In the last 12 months, 2 duplexes similar to 433 SE 9th St, have been sold.

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Sales:
(619) 566-0008
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