225 N Alder Ave, Burns, OR 97720

This is a great investment opportunity for you to get started with very little down and immediate income. The property consists of a single residence with three separate apartment units in the building. All three are currently rented out and have been for many years. There is also a stand alone single wide trailer that is also part of the property and is currently rented out with long term tenants. The triplex was built in 1889, each unit has its own kitchen, bathroom, living area and bedroom. The building has dual pane windows, metal siding and metal roof. Also has a combined front yard area, with parking in the front on the street and in the back. The single wide trailer was built in 1976. It is a 2 bed 1 bath with a large living/kitchen area. This property is zoned commercial. The property also has three storage units in the back which are also included in the sale. All 4 units are occupied and all renters are happy to be there. Rent is as follows. Unit #1- $525 Per month Unit #2- $600 Per month Unit #3- $475 Per month Single Wide- $700 Per month Total of: $2,300 Per Month Rental Income. Owner will carry the note on the property with $24,000 down monthly payments at 9% interest, over 20 years with payments of no less than $1,500 per month. Excellent investment income right off the bat with little down.