1025 1St St, Mcminnville, OR 97128
16 Unit Apartment Building | $3,640,000 ($227,500/Unit) | 6.03% Cap Rate | Mcminnville, OR 97128
For Sale
Active
11 pictures
Asking Price $3,640,000
- Property Type
-
Multifamily
- Square Feet
- 15,040 SF
Listing Contacts
- Property Info
Property Overview
Marcus & Millichap is pleased to exclusively represent the sale of McMinnville Glen Apartments. This garden style apartment
complex presents an excellent opportunity to acquire a turn-key investment in a growing Community, McMinnville. This property
offers sixteen total units with one hundred percent two-bedroom layouts.
McMinnville Glen Apartments were thoughtfully constructed in 2020. Residents enjoy high quality finishes in their prospective
units that include air conditioning and washer/dryers. The property is poised to take advantage of the rapidly growing demand
of suburban rental market. Within walking distance of downtown McMinnville, the asset provides for unique retail and
dining options, and the property is well-positioned to continue serving the McMinnville community well into the future.
complex presents an excellent opportunity to acquire a turn-key investment in a growing Community, McMinnville. This property
offers sixteen total units with one hundred percent two-bedroom layouts.
McMinnville Glen Apartments were thoughtfully constructed in 2020. Residents enjoy high quality finishes in their prospective
units that include air conditioning and washer/dryers. The property is poised to take advantage of the rapidly growing demand
of suburban rental market. Within walking distance of downtown McMinnville, the asset provides for unique retail and
dining options, and the property is well-positioned to continue serving the McMinnville community well into the future.
Property Details
- Class
- B
- Year Built
- 2020
- Stories
- 2
- Units
- 16
Highlights
- Turnkey Asset Built in 2020
- Washer/Dryer in All Units
- A/C in All Units
- Patio/Balconies in All Units
- Assigned Off-Street Parking
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