342 NW 12TH ST

Corvallis, 97330

  • 10 Bed

  • 5 Bath

  • 2880 SqFt

  • 117 DOM

  • Built: 1922

  • Status: Sold

$790,000

X

342 NW 12TH ST

Corvallis 97330

Sold

$790000

  • 10 Bed

  • 5 Bath

  • 2880 SqFt

  • 117 DOM

  • Built: 1922

  • Status: Sold

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Mohanraj Rajendran

Real Estate Agent

(503) 336-1515

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.

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