344 12th St Active 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 825973
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
The Owner says this property is a cash cow- It will continue to be your cash cow. Per owner: there's only been one vacancy in the last 29 years, with a history of tenants staying 2 to 3 years: low cost high occupancy property; over $30,000 in remodeling and capital improvements in the last two years; proactive electrical and plumbing tune-up $13,000 to prevent repair calls later; new Roof approx. $20,000 done in 2022. Currently under professional property management with Duerksen Property management. All four units are leased. The leases run from July 1st to June 15th each year.
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