1558 East 3rd Street
$2,795,000
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Description
Assumable financing available for a qualified buyer! Fixed rate of 3.37% through May of 2026! Strong occupancy history with upside in rents based on most recent highest achieved of $2,025! A 6.01% cap rate on actuals and 7.94% on pro forma. The Garden Court Apartments were built in 1970 and are comprised of 12 three-bedroom one-and-a-half bath townhouse-style apartments. At 1,100 square feet, the spacious layouts consist of an open floorplan, modern kitchen amenities, washer dryer hook ups, and private...Assumable financing available for a qualified buyer! Fixed rate of 3.37% through May of 2026! Strong occupancy history with upside in rents based on most recent highest achieved of $2,025! A 6.01% cap rate on actuals and 7.94% on pro forma. The Garden Court Apartments were built in 1970 and are comprised of 12 three-bedroom one-and-a-half bath townhouse-style apartments. At 1,100 square feet, the spacious layouts consist of an open floorplan, modern kitchen amenities, washer dryer hook ups, and private fenced in patios. Three buildings, with wood-framed construction and pitched composition shingle roofs make up the complex. All units have vinyl windows and sliders. Ample parking with one covered parking spot and one uncovered parking spot per unit. All three buildings received new exterior paint, gutters and roofs in 2020.
- Listed by Glenna Cooke • GA Cooke Real Estate Services
Property Details for 1558 East 3rd Street
Parking Features
Carport, Open
ZoningR-3
LISTING UPDATED: 09/19/2024 04:08 PM
Property Details for 1558 East 3rd Street
Status | Active |
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MLS # | 24507209 |
Days on Market | 105 |
Taxes | $11,254 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Multi Family |
Year Built | 1970 |
Lot Size | 0.69 AC / 30,056 SF |
County | Yamhill County |
Building Information for 1558 East 3rd Street
Stories2Residences12Year Built1970Building Size-Lot Size0.69 AC / 30,056 SF
Property Information for 1558 East 3rd Street
Property History for 1558 East 3rd Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1558 East 3rd Street
Taxable ValueLand-Additions-Total-
Tax Record2023$11,254 ($938 / month)
Home Facts
Lot Size30,056 SqFtStyleMulti-Family Res (5+ Units)ZoningR3CountyYAMHILLAPNR3220BD 00700
Schools near 1558 East 3rd Street
This home is within Newberg School District 29j.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Private - | K to 12 |
Rating | School | Distance |
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Joan Austin Elementary School PublicK to 5 | ||
Mountain View Middle School Public6 to 8 | ||
Newberg Senior High School Public9 to 12 | ||
Cs Lewis Academy PrivateK to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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