404 SW ELMWOOD AVE, McMinnville, OR 97128

Property Description

Exceptional investment opportunity in the heart of McMinnville! This extensively renovated four-unit property has been tastefully transformed from top to bottom, offering significant property tax savings and strong, reliable cash flow.No detail was overlooked! Each unit has been gutted and rebuilt with new plumbing, electrical systems, fixtures, finishes, and modern updates throughout. The result is four charming, move-in-ready residences that tenants love to call home.Located just a short walk from downtown McMinnville’s shops, restaurants, tasting rooms, and entertainment, these highly desirable units offer a rare combination of convenience and outdoor space. Each residence enjoys a spacious yard - an amenity seldom found in multifamily properties and highly valued by tenants.Units are well-appointed with appliances included, washer and dryer hookups, abundant storage, and attractive finishes throughout. Best of all, the property is fully leased with excellent rental income already in place, making this a truly turnkey investment. Whether you’re looking to expand your portfolio or secure a low-maintenance income-producing asset, this is an opportunity you won’t want to miss.