935-975 Arthur Ave Cottage Grove, OR 97424

This exceptional 14-unit apartment building, known as Lindsay Townhomes, presents a compelling investment opportunity in Cottage Grove, Oregon. Completed in 2023, the property boasts a total of 18,434 square feet across three, two-story buildings situated on a 0.83-acre lot. Each of the 14 units features three bedrooms and two bathrooms, catering to a high demand for family-friendly housing. Currently operating at a 96% occupancy rate, the property generates a substantial net operating income (NOI) of $237,610, resulting in an attractive 5.17% capitalization rate. The asking price is $4,499,000, translating to $249.54 per square foot and $328,571 per unit. Ample parking is provided with 28 spaces available for residents. The property is zoned R3, allowing for flexibility in future development or management strategies. Located at 935-975 Arthur Ave, Cottage Grove, OR 97424, this property offers a prime location within Lane County. This turnkey investment is poised for continued success, offering a strong return on investment and a stable income stream for years to come. The property's modern construction and high occupancy rate make it an ideal addition to any real estate portfolio.