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711 SE Ford St

Mcminnville, OR 97128
  • $1,350,000
  • STATUS: Active
  • ON SITE: 59 Days
  • MLS #: 22584923
UPDATED: 38 min ago
$1,350,000
  • 12
    BEDS
  • N/A
    ACRES
  • 6
    BATHS
  • 0
    1/2 BATHS
  • 6,600
    SQFT
  • $205
    $/SQFT
Type:
Multi-Family
Built:
1970
County:

School Information

Elementary School:
Middle School:
High School:

Description

Granite Apartments is a six-unit apartment complex in McMinnville. All apartments are spacious, beautifully updated two-bedroom townhomes located within walking distance of Linfield College. Units include in-unit washer/dryer, new laminate flooring, and stainless steel appliances. The asset's 2018 remodel included new windows, siding, paint, and roof. Tenants have 2.3 parking spots per townhome. This is a fantastic investment with in-place management is achieving market-leading rents.

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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 2022-05-16T07:39:36.903.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/126808985
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711 SE Ford St Mcminnville, OR 97128

  • Price: $1,350,000
  • Status: Active
  • On Site: 59 Days
  • Updated: 38 min ago
  • MLS #: 22584923
12
Beds
6
Baths
0
½ Baths
N/A
Acres
6,600
SQFT
$205
$/SQFT
1970
Built
Neighborhood:
156-Yamhill Co Includes Willamina
County:
Yamhill
Area:
156-Yamhill Co Includes Willamina
Elementary School:
Buel
Middle School:
Patton
High School:
Mcminnville
Property Description
Granite Apartments is a six-unit apartment complex in McMinnville. All apartments are spacious, beautifully updated two-bedroom townhomes located within walking distance of Linfield College. Units include in-unit washer/dryer, new laminate flooring, and stainless steel appliances. The asset's 2018 remodel included new windows, siding, paint, and roof. Tenants have 2.3 parking spots per townhome. This is a fantastic investment with in-place management is achieving market-leading rents.
Exterior Features

Lot Size 7000 To 9999 Sqft Roof Type Composition View YN No Water Description Public Water

Interior Features

Cooling Description None Heating Description Wall Furnace Hot Water Description ElectricityEnergy Star Qualified Equipment Unit Features DishwasherRangeRefrigeratorWasher/Dryer Unit Type1 Features DishwasherRangeRefrigeratorWasher/Dryer Unit Type1 Sq Ft 1100 Unit Type2 Features DishwasherRangeRefrigeratorWasher/Dryer Unit Type2 Sq Ft 1100 Unit Type3 Features DishwasherRangeRefrigeratorWasher/Dryer Unit Type3 Sq Ft 1100 Unit Type4 Features DishwasherRangeRefrigeratorWasher/Dryer Unit Type4 Sq Ft 1100 Unit Type5 Features DishwasherRangeRefrigeratorWasher/Dryer Unit Type5 Sq Ft 1100 Unit Type6 Features DishwasherRangeRefrigeratorWasher/Dryer Unit Type6 Sq Ft 1100

Property Features

Bank Owned YN No Capitalization Rate 4.82 Country Us Fuel Description Electricity Gross Income Actual 96286 Gross Income Projected 107344 Gross Rent Multiplier 14.02 Net Income Actual 65084 Net Income Projected 75368 Occupancy Types Leased Operating Expenses Actual 31202 Operating Expenses Projected 31976 Property Condition Updated/Remodeled Rent Includes ElectricitySewerWater Seller Disclosure Disclosure Sewer Description Public Sewer Short Sale YN No Tax Amount 6182.56 Third Party Approval YN No Unit Type1 Rent 1338 Unit Type1 Units Total 1 Unit Type2 Rent 1338 Unit Type2 Units Total 1 Unit Type3 Rent 1338 Unit Type3 Units Total 1 Unit Type4 Rent 1338 Unit Type4 Units Total 1 Unit Type5 Rent 1338 Unit Type5 Units Total 1 Unit Type6 Rent 1338 Unit Type6 Units Total 1 Zoning R4

Listing provided courtesy of Cascade Sothebys International Realty.


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 2022-05-16T07:39:36.903.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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