Unknown Subdivision
Property • MultiFamily
Web ID # 185540291
$1,575,000.00
0 Beds • 0 Baths
Property Features
Regional Multiple Listing Service, Inc.
1250 SW E Av. Corvallis, OR 97330 is located approximately 1 mile from the center of Oregon State University; .08 miles from Reser Stadium; 5 miles to Goss Stadium. Built in 1980, the property is comprised of the following residential units:One - 3 Bedroom/1 Bathroom UnitFive - 2 Bedroom/1 Bathroom UnitsTwo - 1 Bedroom/1 Bathroom Units1250 SW E St, Corvallis, OR 97330 is being offered as a turn-key investment opportunity. All units are currently under lease with potential increase in cash flow by capitalizing on annual rental increases.The property has an on-site laundry facility on the basement level that is under-utilized with two coin operated washer/dryer units.The property features on-site parking for convenience and landscaped lawn areas. Units also feature balcony space for outdoor use at each level.Tenants pay electric, as each unit is separately metered. Common-area meters include laundry space and outdoor lighting. Water is provided on a single meter to the property and could be prorated back to tenants on new lease structures.Recent Appraisal on file with Listing Broker at List Price.==========================================================Rare find! Just blocks from OSU, this fully occupied 8-unit apartment building is a solid investment opportunity in a highly desirable rental area. With a proven rental history and consistent demand from students and professionals, this property offers reliable income in a stable college-town market. Units are all-electric, featuring individual 50-gallon water heaters. Many units have seen recent updates, including refreshed fixtures and flooring. Shared laundry facility adds value.
15th St to SW E St
Dwelling Type: MultiFamily
Subdivision: N/A
Year Built: 1980, County: US
15th St to SW E St
Listing is courtesy of Triple Oaks Realty LLC
