Bought with SMI Commercial Real Estate LLC
$706,875
$725,000
2.5%For more information regarding the value of a property, please contact us for a free consultation.
3,084 SqFt
SOLD DATE : 04/19/2022
Key Details
Sold Price $706,875
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 3,084 sqft
Price per Sqft $229
MLS Listing ID 22266880
Sold Date 04/19/22
Year Built 1910
Annual Tax Amount $2,762
Tax Year 2020
Property Description
7 units on the west side of 2nd Street in downtown Corvallis. (3) 1 bed / 1 bath units and (4) Studios with an onsite laundry room and (4) off-street parking stalls. New roof - December 2021. Owner pays all utilities. Current NOI at $36,200, actual 5.0 cap. Projected NOI at $43,172 once rents are at market.
Location
State OR
County Benton
Area _220
Zoning CVB
Interior
Heating Other
Exterior
Garage No
Building
Story 2
Sewer Public Sewer
Water Public Water
Level or Stories 2
Schools
Elementary Schools Adams
Middle Schools Linus Pauling
High Schools Corvallis
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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