555 North River Road

555 North River Road

Cottage Grove, OR 97424

$2,799,000
Price
—
Beds
—Sq. Ft.
— / Sq. Ft.
—
Sq. Ft.
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per Sq. Ft.
a view of a tennis court
a view of a city from a terrace
a black and white photo of a house
a black and white photo of a house
a house view with a backyard space
a bedroom with a bed and a table
a bedroom with a bed and a window
a view of an empty room with wooden floor and a window
a view of kitchen with wooden floor
a bedroom with a bed and wooden floor
a bedroom with a bed and a table
a kitchen with a refrigerator a sink and a stove
a view of an empty room with wooden floor and a window
a view of an empty room
a bathroom with a sink toilet and shower
a kitchen with stainless steel appliances white cabinets and a refrigerator
a bathroom with a sink a toilet and a bathtub
a kitchen with stainless steel appliances kitchen island granite countertop a refrigerator and a stove
a view of an empty room and wooden floor
a kitchen with stainless steel appliances granite countertop a sink stove and cabinets
a kitchen with granite countertop a sink a stove and cabinets
a bedroom with a bed and a window
a living room with furniture and kitchen view
a living room with furniture and a window
a bathroom with a sink toilet a mirror and shower
a living room with furniture
a living room with furniture and a flat screen tv
a kitchen with stainless steel appliances kitchen island granite countertop a refrigerator a stove a sink and a dining table with wooden floor
a bathroom with a sink a toilet and a bathtub

Description

The Fives on River is a 17-unit, single story apartment complex located at 555 N River Rd, Cottage Grove, OR 97424. Originally constructed in 1920, The Fives on River was renovated down to the foundation in 2023. The property contains 9,250 rentable square feet and features (1) studio unit and (16) 2 Bed/1 Bath units. Over the last few years, the property was completely remodeled, the only original structures are the foundation, which was re-shored and the trusses, which were reinforced. Additionally...The Fives on River is a 17-unit, single story apartment complex located at 555 N River Rd, Cottage Grove, OR 97424. Originally constructed in 1920, The Fives on River was renovated down to the foundation in 2023. The property contains 9,250 rentable square feet and features (1) studio unit and (16) 2 Bed/1 Bath units. Over the last few years, the property was completely remodeled, the only original structures are the foundation, which was re-shored and the trusses, which were reinforced. Additionally the owner has supported the framing, added and replaced rafters, installed a new roof, new siding, new paint, new doors, new windows, new fire sprinklers and zero maintenance landscaping. Each unit is renovated with LVP flooring, new paint, new fixtures, new granite counters, new cabinets and new stainless-steel appliances. Each unit contains it? s own washer, dryer and dishwasher, along with large closets for additional storage space. Each unit is sub-metered for water, sewer and electricity, which significantly reduces the utility costs for a new owner. The property is currently Professional managed for a 6% flat fee.
  1. Listed by Ian Crist • Bridge Creek Realty

Property Details for 555 North River Road

Zoning
R2

Location

Listing Courtesy of Bridge Creek Realty
Add your commute
LISTING UPDATED: 04/09/2024 11:43 AM

Property Details for 555 North River Road

StatusActive
MLS #24247742
Days on Market37
Taxes$6,966 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family
Year Built1920
Lot Size1.00 AC / 43,560 SF
CountyLane County

Location

Listing Courtesy of Bridge Creek Realty
Add your commute

Building Information for 555 North River Road

Stories1Residences17Year Built1920Building Size-Lot Size1.00 AC / 43,560 SF

Payment Calculator

$15,856 per month

30 year fixed, 7.25% Interest

Principal and Interest

$15,275

Property Taxes

$581

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 555 North River Road

Summary
Location and General Information
  • Country: US
  • Directions: East Main to North River Road
School Information
  • Middle Or Junior School: Lincoln
Taxes and HOA
  • Tax Year: 2023
  • Tax Annual Amount: $6,965.52
  • Parcel Number: 0891745
  • Tax Legal Description: SEC 28 TWN 20 RNG 03
Property
Lot Information
  • Acres: 1.0
  • Lot Size Square Feet: 43560.0
  • Lot Size Range: Acres1to3
  • Lot Size: 1 to 2.99 Acres
Property and Assessments
  • Property Type: Multi Family
  • Water Description: Public Water
  • Property Condition: Existing
  • Year Built: 1920
Utilities
  • Fuel Description: Electricity
  • Heating Description: Wall Heater
  • Sewer Description: Public Sewer
  • Rent Includes: None
Interior and Exterior Features
Exterior Features
  • Exterior Description: Cement Siding
Interior Features
  • Stories: 1
Multi Family
Multi-Family Information
  • Number Of Units Total: 17
  • Gross Income Actual: $.00
  • Gross Income Projected: $27,360.00
  • Investor Information: According To Owner
  • Net Income Actual: $.00
  • Net Income Projected: 204359
  • Operating Expenses Projected: $55,561.00
  • Operating Expense: $.00
  • Unit Type Type: Unit Type Type1, Unit Type Type2
Unit 1 Information
  • Unit Type 1 Baths Total: 1
  • Unit Type 1 Beds Total: 2
  • Unit Type 1 Rent: $0
  • Unit Type 1 SqFt: 550.0
  • Unit Type 1 Units Total: 16
Unit 2 Information
  • Unit Type 2 Baths Total: 1
  • Unit Type 2 Beds Total: 0
  • Unit Type 2 Rent: $0
  • Unit Type 2 SqFt: 450.0
  • Unit Type 2 Units Total: 1

Property History for 555 North River Road

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 555 North River Road

Taxable ValueLand-Additions-Total-
Tax Record2023$6,966 ($580 / month)
Home Facts
Lot Size43,560 SqFtStyleMulti-Family Dwelling (2-4)ZoningR2-MED DENSITCountyLANEAPN20-03-28-24-02500-000

Schools near 555 North River Road

This home is within South Lane School District 45j3.
Rating
School
Type
Grades
Distance
Bohemia Elementary School
Public - K to 5
Lincoln Middle School
Public - 6 to 8
Cottage Grove High School
Public - 9 to 12
Academy For Character Education
Charter - K to 12
Rating
School
Distance
Bohemia 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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More information about 555 North River Road, Cottage Grove, OR 97424

555 North River Road is a multi-family home for sale in Cottage Grove, OR 97424. This property was listed for sale on March 27, 2024 by Bridge Creek Realty, it's currently listed at $2,799,000. It has been on the market for a total of 37 days and was last sold on June 9, 2020. This listing's school district is South Lane School District 45j3. Nearby schools include Bohemia Elementary School, Lincoln Middle School and Cottage Grove High School. 555 North River Road is a 0-bed, 0-bath, multi-family home built in 1920.

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. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Bridge Creek Realty

All information provided is deemed reliable but is not guaranteed and should be independently verified. The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland Oregon. Real estate listings held by brokerage firms other than Compass are marked with the RMLS logo and detailed information about these properties includes the names of the listing brokers. Copyright © 2024 RMLS, Portland, Oregon. Last updated: 04/09/2024 11:43 AM