540 NW 9TH ST, McMinnville, OR 97128

Property Description

*Seller offering credit to buy down interest rate* OPEN HOUSE, OCT 3RD 11-3* Flexible multigenerational living, income potential and room to work from home come together on this beautifully landscaped .28-acre McMinnville property with three distinct living spaces. The approximately 2,051 SF main home offers a main-level bedroom and office/den, expansive living and dining rooms with fireplace, an eclectic kitchen full of character, and a steam shower/tub combination. Upstairs are two additional bedrooms, a bonus room/loft and a full bath.The approximately 1,260 SF lower-level suite provides its own kitchen, bath, fireplace, laundry, studio area, storage and private living space. It is currently occupied under a month-to-month agreement at $750 per month, which is below projected market rent. The tenants would prefer to remain but understand a buyer may have other plans.The detached approximately 660 SF 1-bedroom, 1-bath cottage adds another flexible option for extended living, future rental income, guests or independent living. It includes its own laundry and a private yard that opens to the shared main yard.Need space for a business or creative work? The cottage or lower level could also function as a private office, studio, consulting space or other home-based business concept, subject to applicable approvals. Mature trees, garden paths, inviting sitting areas and a large deck create outdoor spaces for everyone to enjoy. Improvements include a new roof and windows, refreshed exterior paint and the large deck. All three spaces need repairs and updating, including flooring, giving the next owner an opportunity to improve the property and shape it around their needs. Rental projections should assume completion of necessary repairs. Buyer to verify permitted uses, rental feasibility, square footage and condition. Price reduced to meet the market.eller is Estate of Derek Goad. Listing agent is related to seller.