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Listed by Coldwell Banker Mountain West • coldwellbanker@cboregon.com
$ 799,000
Est. payment | /mo
2,880 SqFt
$ 799,000
Est. payment | /mo
2,880 SqFt
Key Details
Property Type Multi-Family
Listing Status Pending
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
16037 SW Upper Boones Ferry Rd Suite 150, Tigard, OR, 97224