547 SW Fellows St, McMinnville, OR 97128

$3,500,000

Beds

Baths

0.49 ac

Property Size

1970

Year Built

About The Property

A very rare chance to own a 13 unit apartment complex. 4 of the units are 3 bedroom and 2 bath at approximately 1200 sq foot.9 units are 2 bed 1 bath approximately 800 sq ft.Many updates have been done including new fence and roof. Rents are not close to market rents and property has had 100% occupancy most of the time. Seller to do 1031 exchange at no cost to buyer. Internal inspection after mutual accepted offer.Laundry room on site.

ARCHITECTURE

Stories: 2
Condition: Approximately
Year Built: 1970
Roof Type: Composition
Foundation Details: Block
Basement Details: Crawl Space

INTERIOR FEATURES

Heating Type: Baseboard
Fuel Type: Electricity

EXTERIOR FEATURES

Lot Features: Level
Lot size (Acres): 0.49
Zoning: C
Water Source: Public Water
Sewer: Public Sewer

SCHOOLS

Elementary: Columbus
High School: McMinnville
Middle: Duniway

TAX & FINANCIAL

Annual Tax: $16052.49
Terms Considered: Cash, Conventional, Other, Owner Will Carry
Tax Year: 2025

LISTING INFO

Listing courtesy of MORE Realty | 503-939-7481
Days On Market: 166

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Erik Leland

Luxury Property Advisor | OR License 201225800
Member of: National Association of REALTORS® (NAR)

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Property ID - | 723345

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Erik Leland