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708 SE Davis St 7 Unit Apartment Building $1,551,296 CAD ($221,614 CAD/Unit) 5.90% Cap Rate Mcminnville, OR 97128
EXECUTIVE SUMMARY
Unique seven unit apartment complex! Townhome style units with a mix of (3) 3/1.5 units and (4) 2/1.5 units. Good on-site parking, walking distance to downtown McMinnville and Linfield University campus. Rents range from $1195 - $1450. Property showings upon accepted offer to purchase. Please do not disturb the residents. Under contract seeking back up offers.
PROPERTY FACTS Under Contract
| Price | $1,551,296 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $221,614 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.59 AC |
| Cap Rate | 5.90% | Building Size | 7,200 SF |
| Gross Rent Multiplier | 10.17 | Average Occupancy | 100% |
| No. Units | 7 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1971 |
| Property Subtype | Apartment | ||
| Zoning | R-4 - Residential zoning district | ||
| Price | $1,551,296 CAD |
| Price Per Unit | $221,614 CAD |
| Sale Type | Investment |
| Cap Rate | 5.90% |
| Gross Rent Multiplier | 10.17 |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.59 AC |
| Building Size | 7,200 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1971 |
| Zoning | R-4 - Residential zoning district |
AMENITIES
SITE AMENITIES
- 24 Hour Access
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1.5 | 4 | - | - |
| 3+1.5 | 3 | - | - |
1 1
Walk Score®
Very Walkable (74)
PROPERTY TAXES
| Parcel Number | 163860 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $729,518 CAD |
PROPERTY TAXES
Parcel Number
163860
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$729,518 CAD
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708 SE Davis St
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