Property Description
Great rental investment property in Madras. There are 2 buildings, one built in 1944 a triplex with 1- two-bedroom unit & 2- one-bedroom units. The single unit built in 1977 is one 2-bedroom unit. The vacancy rate is very low, demand is high. Fantastic opportunity to get in the investment property market and/or add to a portfolio.
Property Features
Property Type: Multi Unit - Multiple
Basement: None
Cooling: MiniSplit, Other
Fuel Type: None
Heating: Ductless, Other
Roof Type: Metal
Stories: 2.0
Taxes: $2,078
Year Built: 1944
Square Feet: 3,160
Units
Unit Type 1:
Bathroom(s): 1
Bedrooms: 2
Features: AirConditioning, Range, Refrigerator, WindowCoverings
Rent: $1250.00
Square Footage: 1100
Total Units: 310
Unit Type 2:
Bathroom(s): 1
Bedrooms: 1
Features: AirConditioning, Range, Refrigerator, WindowCoverings
Rent: $950.00
Square Footage: 500
Total Units: 314
Unit Type 3:
Bathroom(s): 1
Bedrooms: 2
Features: AirConditioning, Range, Refrigerator, WindowCoverings
Rent: $1150.00
Square Footage: 1150
Total Units: 316
Unit Type 4:
Bathroom(s): 1
Bedrooms: 1
Features: AirConditioning, Range, Refrigerator, WindowCoverings
Rent: $900.00
Square Footage: 500
Total Units: 320
Feature Descriptions
Days on Site: 8
Exterior: Wood Siding
Gross Income: $36430.00 (Actual)
Hot Water: Electricity
Net Income: $20712.00 (Actual)
Operating Expenses: $24151.00 (Actual)
Parking: OnStreet
Parking Notes: OnStreet
Sewer: Public Sewer
Special View Info: Territorial
Storage: None
Units: 1260
Water: Public Water
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
Estimate Your Payment
Estimated Payment
$ 2,847.27 per month $2,528.27 Principal & Interest $173.17 Property Tax $145.83 Homeowner's InsuranceChange Payment Information
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316 SW 1st St | MLS# 335689298
This multi-family property located at 316 SW 1st St, Madras, OR 97741 is currently listed for sale with an asking price of $500,000. Search Madras real estate on www.bendpremierrealestate.com today.