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2220 NE Lafayette Ave

McMinnville, OR 97128

$985,000

Apartments For Sale  •  4,489 Sq Ft

Property Details

  • Property Type Apartments
  • Total Building Size 4,489 Sq Ft
  • Lot Size 0.57 ac
  • Building Class B
  • Year Built 1954
  • Cap Rate 6.46 %
  • Zoning C-3
21 Transit Score
47 Walk Score

Description

1954 complex completely renovated in 2016-2017.  Shared laundry includes 3 washer dryer hookups. Laminate wood floor, new cabinets, tile counter tops. All kitchens equip with Stainless Range/oven, Dishwasher, Microwave hood, & Refrigerator.

Highlights

100% occupancy
Easy 99W access
On Public Transportation route

Property Flyers

Financial Summary (Proforma)

Net Operating Income: $66,383 (2018)
Cap Rate: 6.46 %
Total Expenses: $26,125

Amenities

  • Dishwasher
  • Laundry Facilities
  • Microwave
  • Heating
  • Kitchen
  • Refrigerator
  • Stainless Steel Appliances
  • Range
  • Tub/Shower
  • Double Pane Windows
  • Patio

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 12
Type: Surface
Included in Rent: Yes
Randy Mccreith 503-310-9844 Bella Casa Real Estate Group
Randy Mccreith 503-310-9844 Bella Casa Real Estate Group