Listed by BRIAN SMITH • COLDWELL BANKER MOUNTAIN WEST REAL ESTATE, INC. • Agent: 503-361-7151

$819,000

Est. payment - /mo

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10 Beds

5 Baths

5,227 Sqft Lot

Active

344 12th St Corvallis, OR 97330

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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

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Bradley Mulliner

Managing Principal Broker- MORE Realty | License ID: 201206857

+1(503) 858-2478

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