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    204 S Meridian St

    Newberg, OR 97132
    • $1,050,000
    • STATUS: Pending
    • ON SITE: 46 days
    • MLS #: 20091530
    Pending
    UPDATED: 44 min ago
    $1,050,000
    • 20
      BEDS
    • N/A
      ACRES
    • 8
      BATHS
    • 0
      1/2 BATHS
    • 5,090
      SQFT
    • $206
      $/SQFT
    Type:
    Multi-Family
    Built:
    1903
    County:

    School Information

    Elementary School:
    Middle School:
    High School:

    Description

    A Great Opportunity Zone 8-Plex Investment in Downtown Newberg with 100% occupancy. The ideal location and unit mix will be easy to rent for years to come. This type of asset provides a profitable, yet affordable housing stock to the most robust demographics in terms of overall demand. Make offers subject to interior inspection. Coin-op washer/dryer for additional income. Property Zoned Commercial for future development potential. Do Not Disturb Tenants.

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    Listing content is copyright © 2020 RMLS™, Portland, Oregon. The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS™ of Portland, Oregon. Real estate listings held by brokerage firms other than Beach Loop Realty are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Data last updated 2020-09-28T07:39:22.33.Data deemed reliable but not guaranteed. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed accurate by RMLS™ or Beach Loop Realty and should be independently verified.
    www.beachlooprealty.com/homes/108795973
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    204 S Meridian St Newberg, OR 97132

    • Price: $1,050,000
    • Status: Pending
    • Updated: 44 min ago
    • MLS #: 20091530
    20
    Beds
    8
    Baths
    0
    ½ Baths
    N/A
    Acres
    5,090
    SQFT
    $206
    $/SQFT
    1903
    Built
    Neighborhood:
    156-Yamhill Co Includes Willamina
    County:
    Yamhill
    Area:
    156-Yamhill Co Includes Willamina
    Elementary School:
    Edwards
    Middle School:
    Mountain View
    High School:
    Newberg
    Property Description
    A Great Opportunity Zone 8-Plex Investment in Downtown Newberg with 100% occupancy. The ideal location and unit mix will be easy to rent for years to come. This type of asset provides a profitable, yet affordable housing stock to the most robust demographics in terms of overall demand. Make offers subject to interior inspection. Coin-op washer/dryer for additional income. Property Zoned Commercial for future development potential. Do Not Disturb Tenants.
    Exterior Features

    Exterior Description Cedar Lot Description Level Lot Size 7000 To 9999 Sqft Parking Features DetachedPaved Roof Type Composition View YN No Water Description Public

    Interior Features

    Basement Crawl Space Cooling Description Window Unit(S) Foundation Details Slab Heating Description Zoned Hot Water Description Electricity Unit Features RangeRefrigeratorWindow Coverings Unit Type1 Features RangeRefrigeratorWindow Coverings Unit Type2 Features RangeRefrigeratorWindow Coverings Unit Type3 Features RangeRefrigeratorWindow Coverings Unit Type4 Features RangeRefrigeratorWindow Coverings Unit Type5 Features RangeRefrigeratorWindow Coverings Unit Type6 Features RangeRefrigeratorWindow Coverings Unit Type7 Features RangeRefrigeratorWindow Coverings Unit Type8 Features RangeRefrigeratorWindow Coverings

    Property Features

    Bank Owned YN No Capitalization Rate 6.13 Country Us Fuel Description Electricity Gross Income Actual 93912 Gross Rent Multiplier 11.18 Net Income Actual 64321 Occupancy Types LeasedMonth To Month Operating Expenses Actual 29591 Property Condition Approximately Rent Includes Trash CollectionSewerWaterMaintenance Grounds Seller Disclosure Exempt Sewer Description Public Sewer Short Sale YN No Tax Amount 4127.07 Third Party Approval YN No Unit Type1 Rent 1050 Unit Type1 Units Total 1 Unit Type2 Rent 735 Unit Type2 Units Total 1 Unit Type3 Rent 933 Unit Type3 Units Total 1 Unit Type4 Rent 969 Unit Type4 Units Total 1 Unit Type5 Rent 1150 Unit Type5 Units Total 1 Unit Type6 Rent 1051 Unit Type6 Units Total 1 Unit Type7 Rent 776 Unit Type7 Units Total 1 Unit Type8 Rent 1084 Unit Type8 Units Total 1 Zoning Ms

    Listing provided courtesy of Exp Realty, Llc.


    Listing content is copyright © 2020 RMLS™, Portland, Oregon. The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS™ of Portland, Oregon. Real estate listings held by brokerage firms other than Beach Loop Realty are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Data last updated 2020-09-28T07:39:22.33.Data deemed reliable but not guaranteed. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed accurate by RMLS™ or Beach Loop Realty and should be independently verified.
     
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    Beach Loop Realty
    1010 1st St SE, Suite 290
    Bandon OR, 97411