Complex is located within a qualified "Opportunity Zone"- amazing tax benefit available, ask for details! Please Do not disturb tenants. All units renovated approx 2016, 6/7 units occupied with leases in place, 1 unit actively advertised for rent. Shared laundry area w 3 wash/dryers. Large (approx 6000 sf.) open area fronting Lafayette Ave. potentially develop-able, buyer to do due diligence.
Off market
$1,485,928
2220 NE Lafayette Ave, McMinnville, OR 97128
12beds
4,489sqft
MultiFamily
Built in 1954
-- sqft lot
$-- Zestimate®
$331/sqft
$3,145 Estimated rent
Owner options
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 12
- Bathrooms: 7
- Full bathrooms: 7
Heating
- Wall
Appliances
- Included: Dishwasher, Microwave, Refrigerator
Features
- Dishwasher, Microwave, Refrigerator, Disposal, Range
- Basement: Slab
Interior area
- Total interior livable area: 4,489 sqft
Property
Parking
- Total spaces: 24
- Details: Open
Lot
- Size: 0.46 Acres
- Features: Level
Details
- Parcel number: R441501701
- Zoning: c-3
- Special conditions: Real Estate Owned
Construction
Type & style
- Home type: MultiFamily
Materials
- Roof: Metal
Condition
- Year built: 1954
- Major remodel year: 1954
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Landscaping
Community & neighborhood
Security
- Security features: Fire Sprinkler System
Location
- Region: Mcminnville
Other
Other facts
- Roof: Metal
- Sewer: Public Sewer
- WaterSource: Public
- GarageYN: true
- HeatingYN: true
- Basement: Slab
- FoundationDetails: Slab
- Zoning: c-3
- NumberOfUnitsTotal: 7
- CurrentFinancing: Conventional
- StoriesTotal: 2
- LotFeatures: Level
- Heating: Wall Unit(s)
- NumberOfUnitsInCommunity: 7
- YearBuiltEffective: 1954
- SpecialListingConditions: Real Estate Owned
- OpenParkingYN: true
- SecurityFeatures: Fire Sprinkler System
- AssociationAmenities: Laundry
- InteriorFeatures: Dishwasher, Microwave, Refrigerator, Disposal, Range
- ParkingFeatures: Open
- ViewYN: Yes
- View: Territorial
- OtherParking: Open
- CommunityFeatures: Laundry
- Utilities: Landscaping
- CapRate: 7.26
- GrossIncome: 93120
- OperatingExpense: 21607
- YearBuiltDetails: Remodeled