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1550 NE 5th Street
Redmond, Oregon OR 97756
Sold For: $521,000
Listing ID 220133471
Status Closed
SqFt 2,580
Acres 0.230
Year Built 2001

Property Description:

Investors!! Well cared for single level duplex on large corner lot. North unit 1552 was refurbished this year. $15,000 (supplies only) in repairs and upgrades: paint, laminate and vinyl flooring, window coverings, garage door opener, light fixtures, tub enclosure. Both sides have been regularly and professionally maintained. Each unit is 1290 sqft., but with different floorplans. Back yard is fully fenced. Excellent rental history. Current rents have considerate room for future increases.

Primary Features

County: Deschutes
Price Reduction Date: 2021-12-17T16:36:34+00:00
Property Sub Type: Duplex
Property Type: Residential Income
Subdivision: Negus Villas
Year Built: 2001
Zoning: R5

Interior

Appliances: Dishwasher, Disposal, Microwave, Oven, Range, Refrigerator, Water Heater
Cooling: None
Fireplace Features: Gas, Living Room
Flooring: Carpet, Laminate, Vinyl
Heating: Forced Air, Natural Gas
Interior Features: Breakfast Bar, Ceiling Fan(s), Laminate Counters, Linen Closet, Open Floorplan, Pantry, Primary Downstairs, Shower/Tub Combo, Vaulted Ceiling(s), Walk-In Closet(s)
Levels: One
Unit 1: Number of Bathrooms: 2
Unit 1: Number of Bedrooms: 2
Unit 1: Square Footage: 1290
Unit 2: Number of Bathrooms: 2
Unit 2: Number of Bedrooms: 2
Unit 2: Square Footage: 1290

External

Architectural Style: Traditional
Construction Materials: Frame
Foundation Details: Stemwall
Lot Features: Corner Lot, Fenced, Landscaped, Level, Sprinkler Timer(s), Sprinklers In Front, Sprinklers In Rear
Lot Size Square Feet: 10019
New Construction: no
Number of Garages: 2
Number of Units Total: 2
Parking Features: Attached, Concrete, Driveway, Garage Door Opener, On Street
Road Surface Type: Paved
Roof: Composition
Sewer: Public Sewer
Water Source: Public
Window Features: Double Pane Windows, Vinyl Frames

Location

Association: no
Building Area Source: Assessor
Elementary School: M A Lynch Elem
High School: Redmond High
Middle Or Junior School: Elton Gregory Middle
View: Neighborhood, Territorial

Additional

Additional Features: Separate Electric Meters, Separate Gas Meters, Separate Water Meters
Covenants, Conditions & Restrictions: no
Document Count: 5
Foreign Investment in Real Property Tax Act: no
Preferred Escrow Company & Officer: Deschutes County Title
Section: NE
Unit 1: Status: Leased
Unit 1: Unit Number: 1550
Unit 2: Status: Leased
Unit 2: Unit Number: 1552

Financial

Exclusions: Washer/Dryer; Fridge in 1550; Tenants' personal property
Inclusions: Range/Oven; Dishwasher; Fridge and countertop microwave in 1552
Leased Components: Both units are currently in a year lease.
Special Listing Conditions: Standard
Tax Annual Amount: 4429.85
Tax Lot: 1
Tax Map Number: 151310BA002300
Tax Year: 2021
Unit 1 Rent Includes: Garbage, Sewer, Water
Unit 1: Monthly Rent: 1092
Unit 2 Rent Includes: Garbage, Sewer, Water
Unit 2: Monthly Rent: 1395

Zoning Info


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