About This Home
This 30-bedroom, 15-bathroom residential multi family at 1535 US-97 in Madras, OR is listed for $1,555,000 ($111 per sqft). Built in 1950, the home offers 14,008 sqft of living space on a 1.45 acres lot.
Key Features
- Built in 1950
- 1.45 acre lot
- 30 parking spaces
Property Details
Amenities
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.
Monthly Cost Estimate
$8,316/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
1535 US-97
Madras, OR 97741
Property Details
Flooring
Construction
Parking
Heating
Cooling
Appliances
Questions & Answers
This 30-bedroom, 15-bathroom residential multi family at 1535 US-97 is listed at $1,555,000 ($111/sqft). The estimated monthly payment is $8,317 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1950, 1.45 acre lot, 30 parking spaces.
This property is listed by Geoffrey Michael Groener and can be reached at 5413904488.