50 South 17th Street
50 South 17th Street
Cottage Grove, OR 97424
$1,193,000
Price
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Beds
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Virtual Tour
Description
Rare to market, this brand-new 4-plex is designed for long-term success. With an owner carry opportunity available, minimum term length of 5 years with attractive terms. Great investment opportunity, with projected rents at $1,500.00 per unit. Adjacent parcel with engineered plans for 3 more residential units and 2 commercial ground units with a residential unit above ready for approval to be purchased separately or as a package. Moreover, approved for the Multi-Unit Property Tax Exemption (MUPTE)...Rare to market, this brand-new 4-plex is designed for long-term success. With an owner carry opportunity available, minimum term length of 5 years with attractive terms. Great investment opportunity, with projected rents at $1,500.00 per unit. Adjacent parcel with engineered plans for 3 more residential units and 2 commercial ground units with a residential unit above ready for approval to be purchased separately or as a package. Moreover, approved for the Multi-Unit Property Tax Exemption (MUPTE) currently with a construction completion deadline of November 2024. Saving the property owner tens of thousands in property taxes over the next 10 years. No taxes starting from the completion of the 3 additional units! These meticulously crafted one bed, one bath Cottage Style units boast high-end finishes, offering a touch of luxury for its residents. Open concept floor plans with hard surface floors downstairs. Well sized kitchens with butcher block / granite countertops, ample storage space and brand new appliances. Spacious living room perfect for entertaining. Huge master suite upstairs with access to the private balcony and ensuite full bath with separate space for office or art studio. Each unit is equipped with sub-metered electrical. Ready for roof top solar. So much potential for long term cash flow! You will not find anything like it on the market! Shown by appointment only. Call your broker today to arrange a private tour!
- Listed by Jesse Haffly • eXp Realty LLC
Property Details for 50 South 17th Street
Parking Features
Off Street, Paved
ZoningR1
ViewSeasonal
Garage Spaces.00
Parking Total7.00
Location
Listing Courtesy of eXp Realty LLC
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LISTING UPDATED: 04/18/2024 10:18 AM
Property Details for 50 South 17th Street
| Status | Active |
|---|---|
| MLS # | 24593736 |
| Days on Market | 50 |
| Taxes | $389 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Multi Family |
| Year Built | 2022 |
| Lot Size | 0.28 AC / 12,196 SF |
| County | Lane County |
Location
Listing Courtesy of eXp Realty LLC
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Virtual Tour
Building Information for 50 South 17th Street
Stories2Residences4Year Built2022Building Size-Lot Size0.28 AC / 12,196 SF
Payment Calculator
$6,543 per month
30 year fixed, 7.25% Interest
Principal and Interest
$6,511
Property Taxes
$32
HOA Dues
$0
The Payment Calculator is for illustrative purposes only.
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: T20 R03 S28 Q44, Lot: TL 00700
Virtual Tour
- Video Virtual Tour 1 URL: https://unbranded.youriguide.com/50_s_17th_st_cottage_grove_or/
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
Amenities
Amenities Information
- Internet Service Type: Cable
Multi Family
Multi-Family Information
- Number Of Units Total: 4
- Gross Income Actual: $64,800.00
- Gross Income Projected: $156,000.00
- Gross Rent Multiplier: $18.41
- Investor Information: According To Owner
- Net Income Actual: $.00
- Operating Expense: $.00
- Storage: None
- Unit Type Type: Unit Type Type1, Unit Type Type2, Unit Type Type3, Unit Type Type4
Unit 1 Information
- Unit Type 1 Baths Total: 1
- 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: 1
Unit 2 Information
- Unit Type 2 Baths Total: 1
- Unit Type 2 Beds Total: 1
- Unit Type 2 Features: Air Conditioning, Dishwasher, Range, Washer Dryer
- Unit Type 2 Rent: $1,500
- Unit Type 2 SqFt: 900.0
- Unit Type 2 Units Total: 1
Unit 3 Information
- Unit Type 3 Baths Total: 1
- Unit Type 3 Beds Total: 1
- Unit Type 3 Features: Air Conditioning, Dishwasher, Range, Washer Dryer
- Unit Type 3 Rent: $1,500
- Unit Type 3 SqFt: 900.0
- Unit Type 3 Units Total: 1
Unit 4 Information
- Unit Type 4 Baths Total: 1
- Unit Type 4 Beds Total: 1
- Unit Type 4 Features: Air Conditioning, Dishwasher, Range, Washer Dryer
- Unit Type 4 Rent: $1,500
- Unit Type 4 SqFt: 900
- Unit Type 4 UnitsTotal: 1
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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Listing Courtesy of eXp Realty LLC
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