1250 SW E Ave - Apartments FOR SALE


Corvallis, OR 97333
$1,575,000 USD
541-556-5093
1250 SW E Ave, Corvallis, OR for Sale
$1,575,000 USD
Apartments - FOR SALE
1/17
null | 5.38% Cap Rate

1250 SW E Ave
Corvallis, OR 97333


HIGHLIGHTS

  • Renovated Units in 2023 and 2024
  • Recent Appraisal on File at List Price
  • 1mi from OSU Campus

OVERVIEW

1250 SW E St. Corvallis, OR 97330 i s 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 Unit Five - 2 Bedroom/1 Bathroom Units Two - 1 Bedroom/1 Bathroom Units 1250 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.

FOR SALE DETAILS

PRICE

$1,575,000 USD

PRICE/SF

$182 USD /SF

# OF UNITS

8

PRICE/UNIT

$196,875

CAP RATE

5.38%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1980

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,019 SF

ZONING

RS-20

APN/PARCEL ID

144513

ASK ABOUT THIS PROPERTY

Brent ColeCole | Eschrich GroupMore Info
541-556-5093

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Brent ColeCole | Eschrich GroupMore Info
541-556-5093

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.