Estimated payment $5,009/month
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.
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| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/28/2025 02/28/25 | For Sale | $819,000 | -- | -- |
$770,000
Accepted Offer with Contingencies. Well maintained 1972 townhouse-style fourplex located in South Corvallis. Each unit consists of 2 bedroom and 1 bathroom. All units have been renovated in the last few years, including the exterior with new windows, doors, siding, roof and paint. Total gross monthly rents at $5,310. Two highest achieved rents at $1,400. Property is fully occupied and showings
Eric Swanson SMI REAL ESTATE
Source: Willamette Valley MLS
MLS Number: 825973
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Based on information from Willamette Valley Multiple Listing Service, which neither guarantees nor is in any way responsible for its accuracy. All data is provided ‘AS IS’ and with all faults. Data maintained by Willamette Valley Multiple Listing Service may not reflect all real estate activity in the market. WVMLS Member Broker: Arlene Richardson