Today, I’m going to introduce you to a solid Real Estate investment opportunity in the McMinnville Oregon Market.
My name is James White and I am the founder of Liberty First Realty and Blue Roof Property Management. I am a Real Estate Broker and Investor. I started formally investing in Real Estate in 2004 and I have been helping Property Investors purchase and profit in real estate since 2007.
Each real estate investor has their own way of determining a viable investment, so we present three primary calculations to assist you in your decisioning. It is up to you to determine if this opportunity is right for your investment strategy and I invite you to seek guidance from your personal circle of advisors.
Now, let’s get into this opportunity.
The property is located at 711 SE Ford Street McMinnville OR 971298. The asking price is $1,050.000 and consists of six units and 12 parking spaces. Each unit is a townhome style configuration with 2 bedrooms and one bath. The property is located near Linfield College and is on the bus route for easy access throughout the McMinnville area.
McMinnville itself is an upcoming community and is home to the famed Spruce Goose located in the Evergreen Aviation Museum and water park. Wine is big business in McMinnville and Yamhill County in general. You’ll find many opportunities to enjoy fine wine and dining. Downtown is home to the UFO Festival where there was an actual UFO sighting reported and photographed. Additionally 3rd street in the downtown area was voted best main street USA a couple of years ago.
Statistics are available on our websites simply follow these links.
McMinnville Areas We Serve:
McMinnville Real Estate Stats:
Multi-Family Property For Sale in McMinnville:
The actual investment numbers for this property are very solid. All areas of analysis are out performing the area averages. With a 6.45% actual CAP and a projected CAP of 7.69% this is a solid investment opportunity. Additionally the Gross Rent Multipliers are performing better than the area averages. Expenses are inline with a property of this size even with professional property management built in and appropriate vacancy reserves.
If you would like more information about this investment, or you want additional information simply give me a call at 503-278-5342 or shoot me an email at firstname.lastname@example.org.