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Granite Apartments

711 SE Ford Street, McMinnville, Oregon 97128

$1,350,000

Status:
In Contract
County:
Yamhill
Units:
6
Year Built:
'70-18(R)
Unit Price:
$225,000
Land Size:
0.2 Acres
Building Size:
6,600 sq. ft.
Price per SF:
$205
CAP Rate:
4.82%
Unit Mix:

Six (6) two-bed 1-bath 1,100 SF townhomes.

Floors:
2
Open Parking:
Yes
WD in unit:
Yes
Roof Type:
Composite
Heat Type:
Electric
Property Photo

Granite Apartments is a six-unit apartment complex in McMinnville. All apartments are spacious, beautifully updated two-bedroom townhomes located within walking distance of Linfield College. Units include in-unit washer/dryer, new laminate flooring, and stainless steel appliances. The Granite's 2018 remodel included new windows, siding, paint, and roof. Tenants have 2.3 parking spots per townhome. This is a fantastic, stable investment with in-place management that has achieved market-leading rents.

6
Units
'70-18(R)
Year Built
6,600
SQ. FT.

Property Location