935-975 Arthur AveCottage Grove, OR 97424

Property Details for 935-975 Arthur Ave

Year built

2023

Lot size

0.83 AC

Property size (Sq ft)

18,434 SF

Property type

Residential income properties

Property subtype

Multifamily properties

Description

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.

Location Insight

City

Cottage Grove

County

Lane

State

Oregon

Latitude

43.7809

Longitude

-123.058

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