For Sale
$1,000,000

50 17Th StCottage Grove, OR 97424

Luxury 4-unit rental, high returns.

Overview

Added:
Dec 11, 2024
Days on market:
114
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.

Highlights

  • Brand new fourplex in Cottage Grove, featuring four 900 sq ft units.
  • Approved for the Multi-Unit Property Tax Exemption (MUPTE) through 2034, resulting in substantial tax savings.
  • Each unit boasts an open floor plan and high-end finishes.
  • Adjacent lot also available for purchase.
  • Units rent for $1,650/month each.
  • Owner financing options are available.

Property Details for 50 17Th St

Property type
Residential income homes
Square Feet
3,600 SF
Class
A
Year Built
2023
Lot Size (sq. ft)
12,197 SF
Units
4

Location Insight

City
Cottage Grove
County
Lane
State
Oregon
Latitude
43.796759227761
Longitude
-123.05024464596
50 17Th St, Cottage Grove, Oregon

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50 17Th St
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