• 7TH MADRAS, OR 97741

  • 1,000 SqFt
  • Commercial / Rent To Own

Property Details for 7TH St, MADRAS, OR 97741

Features

Facts

Sale Type

Rent-to-own homes can be purchased using a Lease Option. This means the buyer rents the home for a set period of time, sets aside a portion of monthly rent payments during this time, and then has an option to purchase the home later, using the accumulated savings toward the down payment. Rent-To-Own properties offer home ownership opportunities to those who have poor credit or can't afford the down payment. It gives buyers time to rebuild their credit and accumulate purchase credits while living in the house.

Description

Many possibilities for this C2-zoned property in central Madras conveniently located across from a community park while only two blocks from main street. The mixed-use zoning allows for a live/work opportunity while being in the urban renewal district enhances potential renovation/restoration opportunities with the city. The 1, 000sqft. building is on a corner lot with its own parking area. Subject to tenant lease. Seller has the right to do a 1031 tax-deferred exchange at no cost to the buyer.

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Property Brokerage: Tim Davis Group Central Oregon Realty 1427 SW Highland, Redmond, OR 97756 Redmond OR 97756
Copyright © 2024 MLS of Central Oregon. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.



All information provided is deemed reliable, but is not guaranteed and should be independently verified.