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33 photos
Listed by Bella Casa Real Estate Group • 971-219-9858
Bought with Non Rmls Broker
Bought with Non Rmls Broker
$2,250,000
$2,000,000 12.5%
Est. payment /mo
0.61 Acres Lot
UPDATED:
Key Details
Sold Price $2,250,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Mcminnville Mfr 4+
MLS Listing ID 225377294
Sold Date 03/27/25
Year Built 1970
Annual Tax Amount $17,930
Tax Year 2024
Lot Size 0.610 Acres
Property Description
SIGNIFICANT INTEREST. MULTIPLE OFFERS WILL BE REVIEWED TUES FEB 18th. Rare opportunity to purchase a 20 unit apartment complex just 3 blocks from McMinnville's historic downtown 3rd St! 18 two bedroom/one bathroom units and 2 three bedroom/one bathroom units, there is onsite coin operated laundry for tenant use. Buildings will need to be improved, but there is significant potential for rent growth. 0%. vacancy with waitlisted applications. Full basement in one building could be sectioned off for tenant storage, and the 26,419 square foot lot has space to add more parking, or even build an on-site manager dwelling. Buyer to do all due diligence with the city, etc. Apartment square footage to be estimated and updated soon.
Location
State OR
County Yamhill
Community Alllandscaping, Laundry
Area _156
Zoning R4
Rooms
Basement Full Basement
Interior
Heating Baseboard
Exterior
Community Features AllLandscaping, Laundry
Roof Type Flat,Membrane
Garage No
Building
Lot Description Corner Lot, Level
Story 2
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public Water
Level or Stories 2
Schools
Elementary Schools Memorial
Middle Schools Duniway
High Schools Mcminnville
Others
Acceptable Financing Cash
Listing Terms Cash
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