MLS# 24376789 – 1124 E Madison Ave, Cottage Grove, OR 97424 – John Wesley McPherson, Jr., The Portland Team

Listing courtesy of MORE Realty.

Property Description

Description

2 Units

Status: Active

Year Built: 1945

Days on Website: 34

Rare find with two homes on large .21 acre lot. The homes have had some updating including recent interior painting, newer roof on 1 home, new toilets. Insulation placed around piping under 1 home. The location is perfect within minutes of schools, shopping and recreation.

Property Details and Features

Lot

Features:

Level

Size Acres:

0.21

Size Range:

SqFt7000to9999

Size Square Feet:

9,147

Size:

7,000 to 9,999 SqFt

Property Access

Road Surface Type:

Paved

Building

Building Area Total:

1655

Built in 1945

Unit Type Type:

UnitTypeType1,UnitTypeType2

Expenses

Operating Expense:

$5,728

Exterior Features

Exterior Description:

VinylSiding

Heating

Heating Available

Heating:

WallHeater,Zoned

Income

CAP Rate:

5.3

Gross Income:

$25,500

Gross Rent Multiplier:

16.67

Net Operating Income:

$22,536

Listing

Contract Status Change Date:

2024-03-27

Days On Market:

Last Transaction Date:

2024-04-14 04:29:27

List Price:

$425,000

Listing Contract Date:

2024-03-27

Listing Id:

24376789

Mls Status:

Active

Modification Timestamp:

2024-04-14 04:29:27

On Market Date:

2024-03-27

Rent Includes:

MaintenanceGrounds,TrashCollection

Standard Status:

Active

Location

MLS Area Major:

_235

County Or Parish:

Lane

Miscellaneous

Investor Information:

AccordingToOwner,AnnualPropertyOperationData

Parking

Features:

Driveway,OnStreet

Possession

Possession:

SubjectToTenantRights

Property

Number Of Units Total:

Property Condition:

UpdatedRemodeled

Zoning:

Roof

Roof:

Composition

Schools

High School:

Cottage Grove

Middle Or Junior School:

Lincoln

Elementary School:

Harrison

Sewer

Sewer:

PublicSewer

Taxes

Annual Amount:

$2,758

Legal Description

Tax Year:

2023

Unit One

Actual Rent:

$1,250

Area:

825

Features:

Range,Refrigerator,WasherDryer,WindowCoverings

Units Total:

1 total bathroom

2 total bedroom

Unit Two

Actual Rent:

$875

Area:

825

Features:

Range,Refrigerator,WasherDryer,WindowCoverings

Units Total:

1 total bathroom

2 total bedroom

Utilities

Fuel Description:

Electricity

Hot Water Description:

Electricity

Water Source:

PublicWater

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Contact an Agent

John Wesley McPherson, Jr., CFA

503406-1776 Email Me

Location

$425,000 -

1124 E Madison Ave Cottage Grove , OR 97424

MLS Area Major: _235

Street View

Nearby Schools

Recent Sales in the Area

This content last updated on April 30, 2024 2:45AM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.