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    1121 NE Baker St NE

    Mcminnville, OR 97128
    • $1,995,000
    • STATUS: Active
    • ON SITE: 63 days
    • MLS #: 21471691
    UPDATED: 64 min ago
    $1,995,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Multi-Family
    Built:
    1940
    County:

    School Information

    Elementary School:
    Middle School:
    High School:

    Description

    Multi-family/commercial property with commercial zoning. 17 total units, 14 residential units and 3 commercial units. This is a value added property with all rents below market value. Great property for an owner manager with lots of upside for rents. Property tour only after accepted offer. Do not disturb or contact tenants. Preliminary financials to be delivered only after execution by potential buyer and broker of Non-Disclosure Agreement. Allow at least 3 business days for offer responses.

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    Listing content is copyright © 2021 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 2021-09-24T13:40:05.75.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/119575595
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    1121 NE Baker St NE Mcminnville, OR 97128

    • Price: $1,995,000
    • Status: Active
    • Updated: 64 min ago
    • MLS #: 21471691
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1940
    Built
    Neighborhood:
    156-Yamhill Co Includes Willamina
    County:
    Yamhill
    Area:
    156-Yamhill Co Includes Willamina
    Elementary School:
    Memorial
    Middle School:
    Patton
    High School:
    Mcminnville
    Property Description
    Multi-family/commercial property with commercial zoning. 17 total units, 14 residential units and 3 commercial units. This is a value added property with all rents below market value. Great property for an owner manager with lots of upside for rents. Property tour only after accepted offer. Do not disturb or contact tenants. Preliminary financials to be delivered only after execution by potential buyer and broker of Non-Disclosure Agreement. Allow at least 3 business days for offer responses.
    Exterior Features

    Exterior Description BlockLap SidingStuccoT-111 SidingWood SidingUnreinforced Masonry Building Lot Description Corner LotLevel Lot Size 20000 Sqft To .99 Acres Parking Features OpenPaved Roof Type Composition View City View YN Yes Water Description Public

    Interior Features

    Basement DaylightFinished Cooling Description Heat Pump Foundation Details BlockSlabConcrete Perimeter Heating Description Heat Pump Hot Water Description Electricity

    Property Features

    Bank Owned YN No Capitalization Rate 4.61 CCRs YN No Common Amenities Laundry Country Us Fuel Description Electricity Gross Income Actual 151008 Gross Income Projected 176235 Gross Rent Multiplier 13.21 Net Income Actual 91972 Net Income Projected 121615 Occupancy Types LeasedMonth To Month Operating Expenses Actual 51485 Operating Expenses Projected 45808 Property Condition Converted Rent Includes Trash CollectionSewerWaterMaintenance Grounds Security Features Security LightsSidewalk Seller Disclosure Disclosure Sewer Description Public Sewer Short Sale YN No Storage Locked Tax Amount 6615.08 Third Party Approval YN No Zoning Comm.

    Listing provided courtesy of Miller Consulting Group, Llc.


    Listing content is copyright © 2021 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 2021-09-24T13:40:05.75.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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