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    249 SE 5th Street

    Madras, OR 97741
    • $250,000
    • STATUS: Pending
    • ON SITE: 290 days
    • MLS #: 201909272
    Pending
    UPDATED: 41 min ago
    $250,000
    • 0
      BEDS
    • 0.11
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,160
      SQFT
    • $41
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1949
    County:
    Area:

    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

    © 2020 Oregon Datashare (KCAR | MLSCO | SOMLS). All rights reserved. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Oregon Datashare. Real estate listings held by IDX Brokerage firms other than Ladd Group, Cascade Sotheby's International Realty are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about them includes the name of the listing Brokers. Information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. The consumer will not copy, retransmit nor redistribute any of the content from this website. Information provided is deemed reliable, but not guaranteed. Listing courtesy of Ladd Group, Cascade Sotheby's International Realty. Data last updated: .2020-07-13T21:44:15.38
    www.bendpropertysource.com/homes/99386706
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    249 SE 5th Street Madras, OR 97741

    • Price: $250,000
    • Status: Pending
    • Updated: 41 min ago
    • MLS #: 201909272
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.11
    Acres
    6,160
    SQFT
    $41
    $/SQFT
    1949
    Built
    Neighborhood:
    Palmain
    County:
    Jefferson
    Area:
    Madras
    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 Materials BlockBrick Foundation Details Stemwall Levels Two Parking Details Numberof Parking Spaces 10 Parking Details Parking Yes Parking Features On Street Roof Membrane

    Interior Features

    Additional Features Kitchen Cooling Heat PumpZoned Flooring CarpetTileVinyl Heating Forced AirHeat PumpNatural GasZoned

    Property Features

    Additional Parcels YN No Business Type MixedOtherProfessional/OfficeRestaurantRetail CCAnd Rs YN No Cross Street E Street Existing Lease Type Gross FIRPTAYN No Incomeand Expenses Annual Amounts Cap Rate Perc 5.45 Incomeand Expenses Annual Amounts Estimated Gr 25200.00 Incomeand Expenses Annual Amounts Estimated To 8200.00 Incomeand Expenses Annual Amounts Management E 2000.00 Incomeand Expenses Annual Amounts Net Operatin 23200.00 Leased Components Currently Leased To A Long Time Madras RestaurantLease Expires in 2022. Apartment Month To Month Listing Terms CashOwner Will Carry Miscellaneous Information Backup Package Avai No Miscellaneous Information Confidentiality No No New Construction YN No Owner Pays Exterior MaintenanceInsuranceRepairsTaxes Sewer Public Sewer Special Assessments None Tax Annual Amount 4731.68 Tax Year 2018 Tenant Pays ElectricityGasInsuranceInterior MaintenanceSewerWater Unit1 Monthly Rent 1300.00 Unit1 Status Leased Unit1 Unit Number Restaurant Unit2 Status Leased Unit2 Unit Number Restaurant Unit3 Monthly Rent 800.00 Unit3 Status Leased Unit3 Unit Number Apartment View City Zoning C2

    Listing information © 2020 MLS of Central Oregon
    Listing provided courtesy of Willow Canyon Group.

    © 2020 Oregon Datashare (KCAR | MLSCO | SOMLS). All rights reserved. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Oregon Datashare. Real estate listings held by IDX Brokerage firms other than Ladd Group, Cascade Sotheby's International Realty are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about them includes the name of the listing Brokers. Information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. The consumer will not copy, retransmit nor redistribute any of the content from this website. Information provided is deemed reliable, but not guaranteed. Listing courtesy of Ladd Group, Cascade Sotheby's International Realty. Data last updated: .2020-07-13T21:44:15.38
     
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    Ladd Group, Cascade Sotheby's International Realty
    650 SW Bond St, Suite 100
    Bend OR, 97702

    Listing courtesy of Willow Canyon Group.