50 South 17th Street

Cottage Grove, OR 97424

$1,000,000
Price
Beds
3,600 Sq. Ft.
$278 / Sq. Ft.
3,600
Sq. Ft.
$278
per Sq. Ft.

Description

New construction fourplex with standalone units available in Cottage Grove. Property is approved for the Multi-Unit Property Tax Exemption (MUPTE) with a completion deadline of November 2024, offering significant property tax savings for the next 10 years. Each 900 square foot open layout unit is equipped with 1 bed - 1 bath. Adjacent parcel available for purchase as well. Projected rents are $1,500 per unit. Owner financing available.New construction fourplex with standalone units available in Cottage Grove. Property is approved for the Multi-Unit Property Tax Exemption (MUPTE) with a completion deadline of November 2024, offering significant property tax savings for the next 10 years. Each 900 square foot open layout unit is equipped with 1 bed - 1 bath. Adjacent parcel available for purchase as well. Projected rents are $1,500 per unit. Owner financing available.
  1. Listed by Lyle Stratton • Venture Commercial Real Estate
  2. Listed by Andi Costello • Venture Commercial Real Estate

Property Details for 50 South 17th Street

Parking Features
Off Street, Paved
Zoning
R1
View
Seasonal
Garage Spaces
.00
Parking Total
7.00
LISTING UPDATED: 11/12/2024 12:08 PM

Property Details for 50 South 17th Street

StatusActive
MLS #24241171
Days on Market133
Taxes$389 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family
Year Built2022
Lot Size0.28 AC / 12,196 SF
CountyLane County

Building Information for 50 South 17th Street

Stories2Residences4Year Built2022Building Size-Lot Size0.28 AC / 12,196 SF

Property Information for 50 South 17th Street

Summary
Location and General Information
  • Country: US
  • Directions: E Main Street to S 17th Street.
  • Road Surface: Concrete, Paved
School Information
  • Elementary School: Harrison
  • High School: Cottage Grove
  • Middle Or Junior School: Lincoln
Taxes and HOA
  • Tax Year: 2023
  • Tax Annual Amount: $389.24
  • Parcel Number: 0900058
  • Tax Legal Description: Map Lot:2003284400700, TRS: T20R03 S28 Q44, Lot: TL 00700
Property
Lot Information
  • Acres: 0.28
  • Lot Description: Level
  • Lot Size Square Feet: 12196.0
  • Lot Size Range: Sq Ft10000to14999
  • Lot Size: 10,000 to 14,999 Sq Ft
Property and Assessments
  • Property Type: Multi Family
  • Water Description: Public Water
  • Property Condition: New Construction
  • Year Built: 2022
Utilities
  • Cooling Description: Heat Pump, Mini Split
  • Fuel Description: Electricity
  • Heating Description: Ductless, Heat Pump, Mini Split
  • Hot Water Description: Electricity
  • Sewer Description: Public Sewer
  • Rent Includes: Trash Collection, Water
Interior and Exterior Features
Exterior Features
  • Exterior Description: Metal Siding, Wood Siding
  • Roof Type: Flat
Interior Features
  • Basement: None
  • Foundation Details: Slab
  • Stories: 2
Multi Family
Multi-Family Information
  • Number Of Units Total: 4
  • Gross Income Actual: $.00
  • Gross Income Projected: $72,000.00
  • Investor Information: According To Owner
  • Net Income Actual: $.00
  • Net Income Projected: 68400
  • Operating Expenses Projected: $3,600.00
  • Operating Expense: $.00
  • Storage: None
  • Unit Type Type: Unit Type Type1
  • SqFt Approximate Building Total: 3600
Unit 1 Information
  • Unit Type 1 Baths Total: 1
  • Unit Type 1 Baths Decimal: 1.00
  • Unit Type 1 Beds Total: 1
  • Unit Type 1 Features: Air Conditioning, Dishwasher, Range, Washer Dryer
  • Unit Type 1 Rent: $1,500
  • Unit Type 1 SqFt: 900.0
  • Unit Type 1 Units Total: 4

Schools near 50 South 17th Street

This home is within South Lane School District 45j3.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - K to 12
Rating
School
Distance
Harrison Elementary School
PublicK to 5

Lincoln Middle School
Public6 to 8

Cottage Grove High School
Public9 to 12

Academy For Character Education
CharterK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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50 South 17th Street is a multi-family home for sale in Cottage Grove, OR 97424. This property was listed for sale on July 12, 2024 by Venture Commercial Real Estate, it's currently listed at $1,000,000. This listing's school district is South Lane School District 45j3. Nearby schools include Harrison Elementary School, Lincoln Middle School and Cottage Grove High School. 50 South 17th Street is a 0-bed, 0-bath, 3,600 sqft multi-family home built in 2022.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Venture Commercial Real Estate

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