Active
1558 E 3RD ST
Newberg OR, 97132
$2,795,000
Active
3 Beds
2 Baths
Multi-family
Built in 1970
Courtesy of GA Cooke Real Estate Services
Assumable financing available for a qualified buyer! Fixed rate of 3.37% through May of 2026! Strong occupancy history with upside in rents based on most recent highest achieved of $2,025! A 6.01% cap rate on actuals and 7.94% on pro forma. The Garden Court Apartments were built in 1970 and are comprised of 12 three-bedroom one-and-a-half bath townhouse-style apartments. At 1,100 square feet, the spacious layouts consist of an open floorplan, modern kitchen amenities, washer dryer hook ups, and private fenced in patios. Three buildings, with wood-framed construction and pitched composition shingle roofs make up the complex. All units have vinyl windows and sliders. Ample parking with one covered parking spot and one uncovered parking spot per unit. All three buildings received new exterior paint, gutters and roofs in 2020.
24507209
MLSⓇ ID
September 19, 2024
Listed
November 22, 2024
Updated
Map
1558 E 3RD ST
Newberg OR, 97132
Interior Features
Total Stories
2
Bedrooms
3
Total Bathrooms
2
Full Bathrooms
2
Fireplace
No
Cooling
No
Heating
Yes
Heating Description
Zoned
Exterior/Building Features
Lot Size
0.69 Acres
Lot Features
Level
Roof
Composition
Sewer
Public Sewer
Other Property Details
Area Name
_156
Taxes
$11,254
Tax Frequency
Annually
Days on Market
27
Garage
No
Parking
Carport, Open
View
No
County
Yamhill
Water Source
Public Water
Pool
No
Zoning
R-3
Listing Courtesy of GA Cooke Real Estate Services, Glenna Cooke. 503-201-2007
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