716 Southeast Davis Street

McMinnville, OR 97128

$875,000
Price
Beds
4,975 Sq. Ft.
$176 / Sq. Ft.
4,975
Sq. Ft.
$176
per Sq. Ft.

Description

5 total units 2 Structures- original 1950 building w 2 ground level units- 3bed / 1 bath & 1 Bed/1 bath. 2004 building w 3 units- ground level 2x 1 bedroom/ 1 bathroom, upper level 2 bed / 2 bath. On site assigned parking. Units are situated centrally between Linfield and Down Town McMinnville. Bus lines within walking distance. 1 vacancy currently, 5.2% CAP on actuals. Property has great upside potential- No sign, please Do not disturb tenants- financials / data package available- please inquire....5 total units 2 Structures- original 1950 building w 2 ground level units- 3bed / 1 bath & 1 Bed/1 bath. 2004 building w 3 units- ground level 2x 1 bedroom/ 1 bathroom, upper level 2 bed / 2 bath. On site assigned parking. Units are situated centrally between Linfield and Down Town McMinnville. Bus lines within walking distance. 1 vacancy currently, 5.2% CAP on actuals. Property has great upside potential- No sign, please Do not disturb tenants- financials / data package available- please inquire. Combined purchase with 708 Davis available with discount - See MLS # 24261402
  1. Listed by Kristina Lookabill • Bella Casa Real Estate Group

Property Details for 716 Southeast Davis Street

Subdivision
Chandler's First Addition
Parking Features
Assigned
Zoning
R-4
View
Territorial, Trees Woods
Garage Spaces
.00
LISTING UPDATED: 08/21/2024 02:19 PM

Property Details for 716 Southeast Davis Street

StatusActive
MLS #24470131
Days on Market135
Taxes$7,077 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family
Year Built1950
Lot Size0.26 AC / 11,325 SF
CountyYamhill County

Building Information for 716 Southeast Davis Street

Stories2Residences5Year Built1950Building Size-Lot Size0.26 AC / 11,325 SF

Property Information for 716 Southeast Davis Street

Summary
Location and General Information
  • Country: US
  • Directions: 99w to East on 1st, south on Davis.
  • Road Surface: Paved
School Information
  • Elementary School: Buel
  • High School: Mc Minnville
  • Middle Or Junior School: Patton
Taxes and HOA
  • Management Name: Bella Casa Property Management
  • Tax Year: 2023
  • Tax Annual Amount: $7,077.11
  • Parcel Number: 163879
  • Tax Legal Description: TOWNSHIP 4S RANGE 4W SECTION 21 QTR C QQTR C TAXLOT 00902 BLOCK 1
Property
Lot Information
  • Acres: 0.26
  • Lot Description: Level, Sloped, Trees
  • Lot Size Square Feet: 11325.0
  • Lot Size Dimension: 11,325sf
  • Lot Size Range: Sq Ft10000to14999
  • Lot Size: 10,000 to 14,999 Sq Ft
Property and Assessments
  • Property Type: Multi Family
  • Water Description: Public Water
  • Property Condition: Existing
  • Year Built: 1950
Utilities
  • Cooling Description: Wall Unit
  • Fuel Description: Electricity
  • Heating Description: Wall Heater
  • Hot Water Description: Electricity
  • Sewer Description: Public Sewer
  • Rent Includes: Maintenance Grounds
Interior and Exterior Features
Exterior Features
  • Exterior Description: Vinyl Siding
  • Roof Type: Composition
Interior Features
  • Basement: Crawl Space, None
  • Foundation Details: Concrete Perimeter, Slab
  • Stories: 2
Multi Family
Multi-Family Information
  • Number Of Units Total: 5
  • Gross Income Actual: $73,680.00
  • Gross Rent Multiplier: $11.88
  • Investor Information: Annual Property Operation Data, Leases, Utility Records Available
  • Net Income Actual: $50,295.00
  • Operating Expense: $21,175.00
  • Storage: None
  • Unit Type Type: Unit Type Type1, Unit Type Type2, Unit Type Type3, Unit Type Type4, Unit Type Type5
  • SqFt Approximate Building Total: 4975
Unit 1 Information
  • Unit Type 1 Baths Total: 1
  • Unit Type 1 Beds Total: 1
  • Unit Type 1 Features: Dishwasher, Microwave, Range, Washer Dryer
  • Unit Type 1 Rent: $1,075
  • Unit Type 1 SqFt: 500.0
  • Unit Type 1 Units Total: 1
Unit 2 Information
  • Unit Type 2 Baths Total: 1
  • Unit Type 2 Beds Total: 1
  • Unit Type 2 Features: Microwave, Washer Dryer
  • Unit Type 2 Rent: $1,350
  • Unit Type 2 SqFt: 775.0
  • Unit Type 2 Units Total: 1
Unit 3 Information
  • Unit Type 3 Baths Total: 2
  • Unit Type 3 Beds Total: 2
  • Unit Type 3 Features: Dishwasher, Microwave, Washer Dryer
  • Unit Type 3 Rent: $1,375
  • Unit Type 3 SqFt: 1200.0
  • Unit Type 3 Units Total: 1
Unit 4 Information
  • Unit Type 4 Baths Total: 1
  • Unit Type 4 Beds Total: 3
  • Unit Type 4 Features: Dishwasher, Microwave, Washer Dryer
  • Unit Type 4 Rent: $1,265
  • Unit Type 4 SqFt: 1800
  • Unit Type 4 UnitsTotal: 1
Unit 5 Information
  • Unit Type 5 Baths Total: 1
  • Unit Type 5 Beds Total: 1
  • Unit Type 5 Rent: $1,075
  • Unit Type 5 SqFt: 700.0
  • Unit Type 5 Units Total: 1

Property History for 716 Southeast Davis Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 716 Southeast Davis Street

Taxable ValueLand-Additions-Total-
Tax Record2023$7,077 ($590 / month)
Home Facts
Baths2Total Finished SqFt2,248 SqFtAbove Grade Finished SqFt2,248 SqFtStories1Lot Size11,326 SqFtStyleMulti-Family Res (5+ Units)Year Built1950ZoningR4CountyYAMHILLAPNR4421CC 00902

Schools near 716 Southeast Davis Street

This home is within Mcminnville School District 40.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 5
Rating
School
Distance
Sue Buel Elementary
PublicK to 5

Patton Middle School
Public6 to 8

Mcminnville High School
Public9 to 12

Cook Elementary School
PublicK to 5

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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716 Southeast Davis Street is a multi-family home for sale in McMinnville, OR 97128. This property was listed for sale on May 9, 2024 by Bella Casa Real Estate Group, it's currently listed at $875,000. It has been on the market for a total of 135 days and was last sold on November 29, 2007. This listing's school district is Mcminnville School District 40. Nearby schools include Sue Buel Elementary, Patton Middle School and Mcminnville High School. 716 Southeast Davis Street is a 0-bed, 0-bath, 4,975 sqft multi-family home built in 1950.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Bella Casa Real Estate Group

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