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Multifamily

McMinnville Glen Apartments

1025 NE 1st St, McMinnville, OR 97128

Listing Price: $3,640,000

Cap Rate
6.03%
Number of Units
16
GRM
11.97
Occupancy
95.0%
Price/Unit
$227,500

Investment Overview

Marcus & Millichap is pleased to exclusively represent the sale of McMinnville Glen Apartments. This garden style apartment complex presents an excellent opportunity to acquire a turn-key investment in a growing Community, McMinnville. This property offers sixteen total units with one hundred percent two-bedroom layouts.

McMinnville Glen Apartments were thoughtfully constructed in 2020. Residents enjoy high quality finishes in their prospective units that include air conditioning and washer/dryers. The property is poised to take advantage of the suburban rental market. Within walking distance of downtown McMinnville, the asset provides for unique retail and dining options, and the property is well-positioned to continue serving the McMinnville community well into the future.

Investment Highlights

  • Turn-Key Asset Built in 2020
  • Located in Yamhill County, a More Landlord Friendly County
  • Sixteen Total Two Bedroom Layouts

Exclusively Listed By

Financing By

Multifamily

McMinnville Glen Apartments

Listing Price: $3,640,000

Cap Rate
6.03%
Number of Units
16
GRM
11.97
Occupancy
95.0%
Price/Unit
$227,500

Investment Highlights

  • Turn-Key Asset Built in 2020
  • Located in Yamhill County, a More Landlord Friendly County
  • Sixteen Total Two Bedroom Layouts

Investment Overview

Marcus & Millichap is pleased to exclusively represent the sale of McMinnville Glen Apartments. This garden style apartment complex presents an excellent opportunity to acquire a turn-key investment in a growing Community, McMinnville. This property offers sixteen total units with one hundred percent two-bedroom layouts. McMinnville Glen Apartments were thoughtfully constructed in 2020. Residents enjoy high quality finishes in their prospective units that include air conditioning and washer/dryers. The property is poised to take advantage of the suburban rental market. Within walking distance of downtown McMinnville, the asset provides for unique retail and dining options, and the property is well-positioned to continue serving the McMinnville community well into the future.

Exclusively Listed By

Financing By

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