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1121 NE Baker St NE

Mcminnville, OR 97128
  • $1,850,000
  • STATUS: Active
  • ON SITE: 177 Days
  • MLS #: 21471691
UPDATED: 59 min ago
$1,850,000
  • 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 © 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 McKillion Real Estate Group | Premiere Property Group, LLC are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Data last updated 2022-01-16T16:39:42.567.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 McKillion Real Estate Group | Premiere Property Group, LLC and should be independently verified.
www.mckillion.com/homes/119575595
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1121 NE Baker St NE Mcminnville, OR 97128

  • Price: $1,850,000
  • Status: Active
  • On Site: 177 Days
  • Updated: 59 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 4.97 CCRs YN No Common Amenities Laundry Country Us Fuel Description Electricity Gross Income Actual 151008 Gross Income Projected 176235 Gross Rent Multiplier 12.25 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 © 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 McKillion Real Estate Group | Premiere Property Group, LLC are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Data last updated 2022-01-16T16:39:42.567.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 McKillion Real Estate Group | Premiere Property Group, LLC and should be independently verified.
 
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McKillion Real Estate Group | Premiere Property Group, LLC
5000 Meadows Road #150
Lake Oswego OR, 97035