50 17Th StCottage Grove, OR 97424

Property Details for 50 17Th St

Year built

2023

Lot size

0.28 AC

Property size (Sq ft)

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.

Location Insight

City

Cottage Grove

County

Lane

State

Oregon

Latitude

43.7968

Longitude

-123.05

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