344 12th St new Save Request In-Person Tour Request Virtual Tour
Corvallis,OR 97330
Key Details
Property Type Multi-Family
Sub Type 4-Plex
Listing Status Active
Purchase Type For Sale
Subdivision Wilkins Supp Plat
MLS Listing ID 829122
Bedrooms 10
Year Built 1922
Annual Tax Amount $5,247
Lot Size 5,227 Sqft
Acres 0.12
Property Sub-Type 4-Plex
Property Description
HUGE Rent Increases - Monthly rent was: $5,450. BRAND NEW monthly rent: $6,756 (+24%). Owner states "this close to OSU campus property has been a cash cow for 3 decades - w/low turnover; Only 2 vacancies since 1995; tenants typically stay 2 to 3 years. Low maintenance with $30,000 remodeling/capital improvements last 2-3 years; $13,000 proactive electrical/plumbing tune-up to prevent future repair costs; New $20,000 roof in 2022". Easy, turnkey investment managed by Duerksen Property Management.
Location
State OR
County Benton
Area 70 Benton County
Rooms
Other Rooms Other(Refer to Remarks)
Basement Finished,Full
Dining Room Area (Combination)
Interior
Hot Water Electric
Heating Electric,Baseboard,Zonal
Flooring Carpet,Laminate,Tile,Vinyl
Laundry W/D Included
Exterior
Fence Partial
Roof Type Composition
Building
Foundation Continuous,Slab
Sewer City
Water City,Connected
New Construction No
Schools
Elementary Schools Garfield
Middle Schools Linus Pauling
High Schools Corvallis
Others
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional