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1535 SW Highway 97, Madras, OR 97741

$1,555,000

Property Description

Fantastic Central Oregon Investment Opportunity - Fifteen Unit (15) Fully Leased Apartment Complex. Don't miss this rare chance to purchase rental property in Madras, OR. These properties offer strong rental history & immediate cash flow opportunity. Each unit is 2 bedrooms/1 bath with mini split HVAC, washer/dryer hookups. Walking distance to shopping, restaurants and bus service to Bend/Redmond. Excellent potential for investors looking to expand their portfolio with reliable income producing properties in a mature market at an affordable purchase price.

1535 SW Highway 97 | MLS# 173981808

This multi-family property located at 1535 SW Highway 97, Madras, OR 97741 is currently listed for sale with an asking price of $1,555,000. Search Madras real estate on www.bendpremierrealestate.com today.

Property Features

Property Type: Multi Unit - Multiple
Cooling: MiniSplit
Fuel Type: None
Heating: Baseboard, Wall Furnace
Roof Type: Composition
Stories: 2.0
Taxes: $14,442
Year Built: 1950
Square Feet: 14,008

Units

Unit Type 1:
Bathroom(s): 1
Bedrooms: 2
Features: AirConditioning, Dishwasher, Refrigerator, WasherDryer
Rent: $950.00
Square Footage: 900
Total Units: 2
Unit Type 2:
Bathroom(s): 1
Bedrooms: 2
Features: AirConditioning, Dishwasher, Refrigerator, WasherDryer
Rent: $1025.00
Square Footage: 925
Total Units: 7
Unit Type 3:
Bathroom(s): 1
Bedrooms: 2
Features: AirConditioning, Dishwasher, Refrigerator, WasherDryer
Rent: $950.00
Square Footage: 950
Total Units: 3
Unit Type 4:
Bathroom(s): 1
Bedrooms: 2
Features: AirConditioning, Dishwasher, Refrigerator, WasherDryer
Rent: $1250.00
Square Footage: 961
Total Units: 3

Feature Descriptions

Days on Site: 4
Exterior: Cultured Stone
Gross Income: $161767.00 (Actual)
Hot Water: Electricity
Lot: Public Road, Street Car
Net Income: $75158.00 (Actual)
Operating Expenses: $106609.00 (Actual)
Parking: OnStreet, Open
Parking Notes: OnStreet, Open
Sewer: Public Sewer
Special View Info: Territorial
Storage: None
Units: 15
Water: Private

Local Schools

High School: Madras
Middle School: Jefferson Co
Elementary School: Madras

Listed By / Shown By

Listed By

Agency Name: Emerald Coast Realty-Seal Rock
Agency Phone: 541-283-3589

Shown By

Agency Title: Bend Premier Real Estate
Agency Phone: 541-323-2779

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Estimate Your Payment

Estimated Payment

$ 9,519.97 per month $7,862.93 Principal & Interest $1,203.50 Property Tax $453.54 Homeowner's Insurance

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