NOT LISTED FOR SALE

275 SE Lilly Ave Corvallis, OR 97333

South Corvallis Neighborhood
26 Beds
26 Baths
13,098 Sq Ft
0.7 Acres

Last Sold February 11, 2021

Last sale price $2,900,000 $221 Per Sq Ft

245 Days on Market

Highlights

  • 30,492 Sq Ft lot
  • Deck
  • Fenced Yard
  • Linus Pauling Middle School Rated A-
  • Territorial View
  • Baseboard Heating

About This Home

As of February 2021

The Centurion Apartments in Corvallis have 26- one bed, one bath units (+/- 465 SF). 5.37% CAP. Located 1.6 miles from the OSU Admin building (15 min bike ride) and have boasted 100% occupancy over the past decade. The apartments were built in 1978, two parcels totaling 0.7 acres. Zoned RS-12 medium density residential. Dedicated parking spot for each unit. Onsite laundry facility. Locking mailboxes. Covered bike rack. Great upside!

Last Agent to Sell the Property

Shelley Henderson

COPPER ROCK REAL ESTATE License #201214466 Listed on: 04/10/2020

Co-Listed By

Adam Hearn

HOMESMART REALTY GROUP - CORVALLIS License #201215502

Last Buyer's Agent

Gary Smith

INVESTMENT REALTY, INC. License #880800059

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $20,745

Year Built

  • Built in 1978

Lot Details

  • 0.7 Acre Lot
  • Fenced Yard

Home Design

  • Composition Roof
  • Wood Siding
  • T111 Siding

Interior Spaces

  • 13,098 Sq Ft Home
  • Territorial Views

Kitchen

  • Electric Range
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 26 Bedrooms
  • 26 Bathrooms

Outdoor Features

  • Deck

Utilities

  • Baseboard Heating
  • Electric Water Heater
  • High Speed Internet

Community Details

Overview

  • 26 Units
  • The Centurion Community

Amenities

  • Laundry Facilities

Building Details

  • Operating Expense $64,490
  • Net Operating Income $163,398

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$20,745

Year Built

Built in 1978

Lot Details

0

Listing Details

  • Class: Multi Family
  • Type: Multi- (5+)
  • Range Facility: Electric
  • Syndicated Remarks: The Centurion Apartments in Corvallis have 26- one bed, one bath units (+/- 465 SF). 5.37% CAP. Located 1.6 miles from the OSU Admin building (15 min bike ride) and have boasted 100% occupancy over the past decade. The apartments were built in 1978, two parcels totaling 0.7 acres. Zoned RS-12 medium density residential. Dedicated parking spot for each unit. Onsite laundry facility. Locking mailboxes. Covered bike rack. Great upside!
  • Cross Street: Hwy 99W
  • Year Built: 1978
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Dishwasher: Yes
  • Disposal: Yes
  • Negotiable Inclusions: Appliances in each unit, coin- op laundry
  • Refrigerator: Refrigerator Included
  • Flooring: Carpet, Laminate
  • Total Bathrooms: 26
  • Total Bedrooms: 26
  • Laundry: Laundry Center
  • Price Per Sq Ft: 221.41
  • Source Of Sq Ft: County
  • Price Per Sq Ft: 232.48

Exterior Features

  • Patio: Deck
  • Fenced Yard: Yes
  • Foundation: Continuous
  • Roof: Composition
  • Siding: Wood
  • Siding Style: T111
  • View: Territorial

Utilities

  • Heating: Electric, Baseboard
  • High Speed Comm Access: Available, Present
  • Water: City
  • Water Heater: Electric
  • Sewer: City

Schools

  • Elementary School: Lincoln
  • Middle School: Linus Pauling
  • High School: Corvallis

Lot Info

  • Estimated Lot Sq Ft: 30492
  • Zoning: RS-12
  • Property Name: The Centurion
  • Property Use Type: Investment
  • Geo Subdivision: OR

Rental Info

  • Total Expenses: 64490

Multi Family

  • Additional Land Available: 227888
  • Net Income: 163398
  • Gross Sched Income: 234800
  • Unit Types: Flat
  • Number Of Units: 26

Tax Info

  • Tax Account Number: 157937, 243661
  • Tax Amount: 20745

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/11/2021 02/11/21 Sold $2,900,000 -4.8% $221 / Sq Ft
12/08/2020 12/08/20 For Sale $3,045,000 +5.0% $232 / Sq Ft
10/09/2020 10/09/20 Off Market $2,900,000 -- --
04/10/2020 04/10/20 For Sale $3,045,000 -- $232 / Sq Ft
Source: Willamette Valley MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Shelley Henderson

    Seller's Agent in 2021

    Shelley Henderson

    COPPER ROCK REAL ESTATE

    (503) 881-7399

    1 in this area

    69 Total Sales

    Shelley Henderson
    Section Image
  • Adam Hearn

    Seller Co-Listing Agent in 2021

    Adam Hearn

    HOMESMART REALTY GROUP - CORVALLIS

    (503) 278-9415

    2 in this area

    80 Total Sales

    Adam Hearn
    Section Image

  • G

    Buyer's Agent in 2021

    Gary Smith

    INVESTMENT REALTY, INC.

    (541) 760-7072

    3 in this area

    45 Total Sales

    Gary Smith
    Section Image
See All Agents

Map

Source: Willamette Valley MLS

MLS Number: 762383

Willamette Valley MLS

APN: 157937

Oregon Benton County Corvallis 97333 South Corvallis

275 SE Lilly Ave, Corvallis, OR

This home is located at 275 SE Lilly Ave, Corvallis, OR 97333 since 10 April 2020. This property was built in 1978. 275 SE Lilly Ave is a home located in Benton County with nearby schools including Lincoln Elementary School, Linus Pauling Middle School, and Corvallis High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Willamette Valley MLS 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

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