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Listed by Coldwell Banker Mountain West • coldwellbanker@cboregon.com
$ 799,000
Est. payment /mo
Price Dropped by $20K
342 NW 12TH ST Corvallis, OR 97330
2,880 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,880 sqft
Price per Sqft $277
MLS Listing ID 172341867
Year Built 1922
Annual Tax Amount $5,247
Tax Year 2024
Lot Size 5,227 Sqft
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 _220
Zoning RS-9
Rooms
Basement Finished, Full Basement, Separate Living Quarters Apartment Aux Living Unit
Interior
Heating Baseboard, Wall Heater
Exterior
Roof Type Composition
Garage No
Building
Lot Description Level
Story 2
Foundation Slab
Sewer Public Sewer
Water Public Water
Level or Stories 2
Schools
Elementary Schools Garfield
Middle Schools Linus Pauling
High Schools Corvallis
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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