249 SE 5th Street

    Madras, OR 97741
    • $275,000
    • STATUS: Active
    • ON SITE: 75 days
    • MLS #: 201909272
    UPDATED: 44 min ago
    $275,000
    • 0
      BEDS
    • 0.11
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,160
      SQFT
    • $45
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1949
    County:

    School Ratings & Info


    Listing courtesy of Willow Canyon Group.

    Description

    The Madras downtown commercial mixed use property located on the busy one way north bound Hwy 97/26, corner property with unlimited street parking. With over 6,000 sq. ft. that includes 2 commercial spaces currently rented to one tenant and separate attached 2 bedroom and 1 bath apartment. Large basement for storage, prep area or washer/dryers. Opportunity for increased rents in the future. Owner will consider a contract with a qualified buyer, $75,000 Down Payment, 5% interest rate, 20 years amortization, 10 year note. Located in Opportunity Zone and Madras Urban Renewal District with faade improvement programs available.

    Monthly Payment Calculator

    © 2019 MLS of Central Oregon (MLSCO) . All information is deemed reliable but is not guaranteed and should be independently verified. The content relating to real estate for sale on this website comes in part from the MLS of Central Oregon. Real estate listings held by Brokerages other than Berkshire Hathaway HomeServices Northwest Real Estate are marked with the Reciprocity/IDX logo, and detailed information about these properties includes the name of the listing Brokerage. All content displayed on this website is restricted to personal, non-commercial use, and only for ascertaining information regarding real property for sale. The consumer will not copy, retransmit nor redistribute any of the content from the website. The consumer is reminded that all listing content provided by automatic transmission by MLSCO. This content last updated on 2019-12-11T18:44:05.857. Some properties which appear for sale on this website may subsequently have sold or may no longer be available.
    www.bendsunriverhomesforsale.com/homes/99386706

    249 SE 5th Street Madras, OR 97741

    • Price: $275,000
    • Status: Active
    • Updated: 44 min ago
    • MLS #: 201909272
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.11
    Acres
    6,160
    SQFT
    $45
    $/SQFT
    1949
    Built
    Neighborhood:
    Palmain
    County:
    Jefferson
    Area:
    Jefferson County
    Property Description
    The Madras downtown commercial mixed use property located on the busy one way north bound Hwy 97/26, corner property with unlimited street parking. With over 6,000 sq. ft. that includes 2 commercial spaces currently rented to one tenant and separate attached 2 bedroom and 1 bath apartment. Large basement for storage, prep area or washer/dryers. Opportunity for increased rents in the future. Owner will consider a contract with a qualified buyer, $75,000 Down Payment, 5% interest rate, 20 years amortization, 10 year note. Located in Opportunity Zone and Madras Urban Renewal District with faade improvement programs available.
    Exterior Features

    Construction Brick/Block Foundation BasementStemwall Overhead Doors 0 Parking Yes Parking Spaces 10 Parking1 On Street Parking Roof Membrane View City

    Interior Features

    Floors CarpetTileVinyl Heat Cool Natural GasForced AirHeat PumpZoned Heating Interior Kitchen

    Property Features

    Backup Pkg Avail No Cap Rate 5.450 CCRs No Confidentiality Agmt No Cross Street Address E Street Electric Company Pp&L Est Gross Op Income 25200.00 Est Net Op Income 23200.00 Est Total Exp 8200.00 Existing Water City Lease Type Modified Gross Leased Yes Lot Number 8 Owner Pays Exterior MaintenanceStructure RepairInsuranceTaxes Property Type Commercial Building Sale Or Lease Sale Sewer Septic City Sewer Special Assessments None Tax Year 2018 Taxes 4731.68 Tenant Pays ElectricLiablity InsuranceGasInterior MaintenanceWater/Sewer Tenants 3 Terms New LoanOwcCash Type OtherLeased InvestmentRestaurantRetailMixed UseOffice Water District City

    Listing information © 2019 MLS of Central Oregon
    Listing provided courtesy of Willow Canyon Group.

    © 2019 MLS of Central Oregon (MLSCO) . All information is deemed reliable but is not guaranteed and should be independently verified. The content relating to real estate for sale on this website comes in part from the MLS of Central Oregon. Real estate listings held by Brokerages other than Berkshire Hathaway HomeServices Northwest Real Estate are marked with the Reciprocity/IDX logo, and detailed information about these properties includes the name of the listing Brokerage. All content displayed on this website is restricted to personal, non-commercial use, and only for ascertaining information regarding real property for sale. The consumer will not copy, retransmit nor redistribute any of the content from the website. The consumer is reminded that all listing content provided by automatic transmission by MLSCO. This content last updated on 2019-12-11T18:44:05.857. Some properties which appear for sale on this website may subsequently have sold or may no longer be available.
     
    Berkshire Hathaway HomeServices Northwest Real Estate
    404 SW Columbia #110
    Bend OR, 97702

    Listing courtesy of Willow Canyon Group.