2220 NE Lafayette Ave

    Mcminnville, OR 97128
    • $890,000
    • STATUS: Sold
    • ON SITE: 282 days
    • MLS #: 18366856
    Sold - 07/05/2019
    $890,000
    SOLD - 07/05/2019
    • 12
      BEDS
    • N/A
      ACRES
    • 7
      BATHS
    • 0
      1/2 BATHS
    • 4,489
      SQFT
    • $198
      $/SQFT
    Type:
    Multi-Family
    Built:
    1954
    County:

    School Information

    Elementary School:
    High School:

    Description

    Complex is located within a qualified "Opportunity Zone"- amazing tax benefit available, ask for details! Please Do not disturb tenants. All units renovated approx 2016, 6/7 units occupied with leases in place, 1 unit actively advertised for rent. Shared laundry area w 3 wash/dryers. Large (approx 6000 sf.) open area fronting Lafayette Ave. potentially develop-able, buyer to do due diligence.

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    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. Listing content is copyright © 2019 RMLS™, Portland, Oregon. Data last updated 2019-07-16T07:58:54.09.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/88282786

    2220 NE Lafayette Ave Mcminnville, OR 97128

    • Price: $985,000
    • Status: Sold
    • Updated: 59 min ago
    • MLS #: 18366856
    12
    Beds
    7
    Baths
    0
    ½ Baths
    N/A
    Acres
    4,489
    SQFT
    $198
    $/SQFT
    1954
    Built
    Neighborhood:
    156-Yamhill Co Includes Willamina
    County:
    Yamhill
    Area:
    156-Yamhill Co Includes Willamina
    Elementary School:
    Grandhaven
    High School:
    Mcminnville
    Property Description
    Complex is located within a qualified "Opportunity Zone"- amazing tax benefit available, ask for details! Please Do not disturb tenants. All units renovated approx 2016, 6/7 units occupied with leases in place, 1 unit actively advertised for rent. Shared laundry area w 3 wash/dryers. Large (approx 6000 sf.) open area fronting Lafayette Ave. potentially develop-able, buyer to do due diligence.
    Exterior Features

    Exterior Description BlockCement Siding Garage Or Parking Spaces 12 Lot Description Level Lot Size 20000 Sqft To .99 Acres Parking Description Open Roof Type Metal View Territorial View YN Yes Water Description Public

    Interior Features

    Basement Foundation Slab Heating Description Wall Furnace Hot Water Description Electricity Unit Features DishwasherDisposalMicrowaveRangeRefrigerator Unit Type1 Features DishwasherMicrowaveRangeRefrigerator Unit Type1 Sq Ft 506 Unit Type2 Features DisposalMicrowaveRangeRefrigerator Unit Type2 Sq Ft 498 Unit Type3 Features DisposalMicrowaveRangeRefrigerator Unit Type3 Sq Ft 622 Unit Type4 Features DisposalMicrowaveRangeRefrigerator Unit Type4 Sq Ft 571 Unit Type5 Sq Ft 714 Unit Type6 Features DishwasherMicrowaveRangeRefrigerator Unit Type6 Sq Ft 951 Unit Type7 Features DishwasherMicrowaveRangeRefrigerator Unit Type7 Sq Ft 485

    Property Features

    Bank Owned YN Yes Capitalization Rate 7.26 Common Amenities Laundry Country Us Fuel Description Electricity Gross Income Actual 93120 Gross Rent Multiplier 10.58 Net Income Actual 71513 Occupancy Types Leased Operating Expenses Actual 21607 Security Or Entry Fire Sprinkler System Seller Disclosure Exempt Sewer Description Public Sewer Short Sale YN No Tax Amount 9330.06 Terms Of Sale Cash Third Party Approval YN No Unit Type1 Rent 925 Unit Type1 Units Total 1 Unit Type2 Rent 925 Unit Type2 Units Total 1 Unit Type3 Rent 1115 Unit Type3 Units Total 1 Unit Type4 Rent 1150 Unit Type4 Units Total 1 Unit Type5 Rent 1250 Unit Type5 Units Total 1 Unit Type6 Rent 1225 Unit Type6 Units Total 1 Unit Type7 Rent 975 Unit Type7 Units Total 1 Utilities Included Landscaping Year Built Description Remodeled Zoning C-3

    Listing provided courtesy of Bella Casa Real Estate Group.
    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. Listing content is copyright © 2019 RMLS™, Portland, Oregon. Data last updated 2019-07-16T07:58:54.09.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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