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1038 SW Cedarwood Ave

Mcminnville, OR 97128
  • $699,000
  • STATUS: Active
  • ON SITE: 46 Days
  • MLS #: 21381247
UPDATED: 55 min ago
$699,000
  • 9
    BEDS
  • N/A
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
  • 3,487
    SQFT
  • $200
    $/SQFT
Type:
Multi-Family
Built:
1950
County:

School Information

Elementary School:
Middle School:
High School:

Description

Great investment opportunity on this 4-plex in McMinnville! Located right across the street from Linfield University. Two duplexes zoned C-3. Newer composition roof (2018) on the duplex facing Cedarwood. New metal roof cap on Baker St duplex. Light updates have been made including the replacement of several windows, new countertops & kitchen floors, as well as interior paint. The opportunities are endless with this unique property. Operating expenses are estimated. Buyer to do due diligence.

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Listing content is copyright © 2022 RMLS™, Portland, Oregon. The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS™ of Portland, Oregon. Real estate listings held by brokerage firms other than Next Home Realty Connection are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Data last updated 2022-01-19T15:39:50.603.Data deemed reliable but not guaranteed. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed accurate by RMLS™ or Next Home Realty Connection and should be independently verified.
www.nexthomepdx.com/homes/123742297
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1038 SW Cedarwood Ave Mcminnville, OR 97128

  • Price: $699,000
  • Status: Active
  • On Site: 46 Days
  • Updated: 55 min ago
  • MLS #: 21381247
9
Beds
4
Baths
0
½ Baths
N/A
Acres
3,487
SQFT
$200
$/SQFT
1950
Built
Neighborhood:
156-Yamhill Co Includes Willamina
County:
Yamhill
Area:
156-Yamhill Co Includes Willamina
Elementary School:
Columbus
Middle School:
Duniway
High School:
Mcminnville
Property Description
Great investment opportunity on this 4-plex in McMinnville! Located right across the street from Linfield University. Two duplexes zoned C-3. Newer composition roof (2018) on the duplex facing Cedarwood. New metal roof cap on Baker St duplex. Light updates have been made including the replacement of several windows, new countertops & kitchen floors, as well as interior paint. The opportunities are endless with this unique property. Operating expenses are estimated. Buyer to do due diligence.
Exterior Features

Exterior Description Vinyl Siding Lot Description Level Lot Size 10000 To 14999 Sqft Parking Features Paved Roof Type Composition View Territorial View YN Yes Water Description Public

Interior Features

Basement Crawl Space Heating Description Baseboard Hot Water Description Electricity Unit Features DishwasherRangeRefrigerator Unit Type1 Features RangeRefrigerator Unit Type1 Sq Ft 796 Unit Type2 Features RangeRefrigerator Unit Type2 Sq Ft 971 Unit Type3 Features DishwasherRangeRefrigerator Unit Type3 Sq Ft 860 Unit Type4 Features DishwasherRangeRefrigerator Unit Type4 Sq Ft 860

Property Features

Bank Owned YN No Capitalization Rate 5.44 Common Amenities Commons Country Us Fuel Description Electricity Gross Income Actual 45600 Gross Rent Multiplier 15.33 Net Income Actual 38056 Occupancy Types LeasedMonth To Month Operating Expenses Actual 7544 Property Condition Approximately Rent Includes Trash CollectionSewerWater Seller Disclosure Disclosure Sewer Description Public Sewer Short Sale YN No Tax Amount 3088.07 Third Party Approval YN No Unit Type1 Rent 800 Unit Type1 Units Total 4 Unit Type2 Rent 850 Unit Type3 Rent 1100 Unit Type4 Rent 1050 Zoning C-3

Listing provided courtesy of Knipe Realty Era Powered.


Listing content is copyright © 2022 RMLS™, Portland, Oregon. The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS™ of Portland, Oregon. Real estate listings held by brokerage firms other than Next Home Realty Connection are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Data last updated 2022-01-19T15:39:50.603.Data deemed reliable but not guaranteed. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed accurate by RMLS™ or Next Home Realty Connection and should be independently verified.
 
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