50 17Th St Cottage Grove, OR 97424
- Residential income homes
- 3,600 SF
- 0.28 lot acres
Current Use by Public Records
- Residential income homes
Property Details for 50 17Th St
- Year built
- 2023
- Lot size
- 0.28 lot acres
- Property size
- 3,600 SF
- Property type
- Residential income homes
Description
This exceptional new construction fourplex in Cottage Grove, Oregon, presents a compelling investment opportunity. Boasting four individual, 900-square-foot units, each features an open layout and high-end finishes. The property totals 3,600 square feet on a 0.28-acre lot, zoned R1. Built in 2023, this Class A multifamily property commands a current rent of $1,650 per unit, generating substantial income. Approved for the Multi-Unit Property Tax Exemption (MUPTE) with a completion deadline of November 2024, this property offers significant tax savings for the next 10 years. The asking price is $1,000,000 ($250,000 per unit), with owner financing available. An adjacent parcel is also available for purchase, presenting potential for expansion or added value. This is a turnkey investment with exceptional quality and strong rental potential in a desirable location at 50 S 17th St, Cottage Grove, OR 97424.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Cottage Grove
- County
- Lane
- State
- Oregon
- Longitude
- -123.05024464596
- Latitude
- 43.796759227761
