MLS# 24470131 – 716 Se Davis St, Mc Minnville, OR 97128 – John Wesley McPherson, Jr., The Portland Team with Premiere Property Group, LLC

Listing courtesy of Bella Casa Real Estate Group.

Property Description

Description

5 Units

Status: Active

Year Built: 1950

Neighborhood: Chandler's First Addition

Days on Website: 196

5 total units 2 Structures- original 1950 building w 2 ground level units- 3bed / 1 bath & 1 Bed/1 bath. 2004 building w 3 units- ground level 2x 1 bedroom/ 1 bathroom, upper level 2 bed / 2 bath. On site assigned parking. Units are situated centrally between Linfield and Down Town McMinnville. Bus lines within walking distance. 100% occupancy. Property has great upside potential- No sign, please Do not disturb tenants- financials / data package available- please inquire. Motivated seller, Combined purchase with 708 Davis available with discount

Property Details and Features

Property Access

Road Surface Type:

Paved

Basement

Basement:

CrawlSpace,None

Building

Building Area Total:

4975

Built in 1950

Storage:

None

Stories:

Unit Type Type:

UnitTypeType1,UnitTypeType2,UnitTypeType3,UnitTypeType4,UnitTypeType5

Cooling

Cooling Equipped

Cooling:

WallUnit

Expenses

Operating Expense:

$21,175

Exterior Features

Exterior Description:

VinylSiding

Foundation

Foundation Details:

ConcretePerimeter,Slab

Heating

Heating:

WallHeater

Income

CAP Rate:

5.75

Gross Income:

$73,680

Gross Rent Multiplier:

11.88

Net Operating Income:

$50,295

Listing

Contract Status Change Date:

2024-05-09

Days On Market:

195

Last Transaction Date:

2024-10-15 08:38:50

List Price:

$875,000

Listing Contract Date:

2024-05-09

Listing Id:

24470131

Mls Status:

Active

Modification Timestamp:

2024-10-15 08:38:50

On Market Date:

2024-05-09

Previous List Price:

$900,000

Rent Includes:

MaintenanceGrounds

Standard Status:

Active

Location

MLS Area Major:

_156

Subdivision Name:

Chandler's First Addition

County Or Parish:

Yamhill

Lot

Features:

Level,Sloped,Trees

Size Acres:

0.26

Size Dimensions:

11,325sf

Size Range:

SqFt10000to14999

Size Square Feet:

11,325

Size:

10,000 to 14,999 SqFt

Miscellaneous

Investor Information:

AnnualPropertyOperationData,Leases,UtilityRecordsAvailable

Parking

Features:

Assigned

Possession

Possession:

SubjectToTenantRights

Property

Number Of Units Total:

Property Condition:

Existing

Property View

Zoning:

R-4

Roof

Roof:

Composition

Schools

High School:

McMinnville

Middle Or Junior School:

Patton

Elementary School:

Buel

Sewer

Sewer:

PublicSewer

Taxes

Annual Amount:

$7,077

Legal Description

Tax Year:

2023

Unit One

Actual Rent:

$1,075

Area:

500

Features:

Dishwasher,Microwave,Range,WasherDryer

Units Total:

1 total bathroom

1 total bedroom

Unit Two

Actual Rent:

$1,350

Area:

775

Features:

Microwave,WasherDryer

Units Total:

1 total bathroom

1 total bedroom

Unit Three

Actual Rent:

$1,375

Area:

1200

Features:

Dishwasher,Microwave,WasherDryer

Units Total:

2 total bathrooms

2 total bedroom

Unit Four

Actual Rent:

$1,265

Area:

1800

Features:

Dishwasher,Microwave,WasherDryer

Units Total:

1 total bathroom

3 total bedroom

Unit Five

Actual Rent:

$1,075

Area:

700

Units Total:

1 total bathroom

1 total bedroom

Utilities

Fuel Description:

Electricity

Hot Water Description:

Electricity

Water Source:

PublicWater

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Contact an Agent

John Wesley McPherson, Jr., CFA

503406-1776 Email Me

Location

$875,000 -

716 Se Davis St Mc Minnville , OR 97128

MLS Area Major: _156

Street View

Nearby Schools

Recent Sales in the Area

This content last updated on November 21, 2024 12:08AM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.