50 17th St
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50 17th St
4 Unit Block of Flats £783,300 (£195,825/Unit) 7.92% Net Initial Yield Cottage Grove, OR 97424
Investment Highlights
- Individual Units - Quality Built - Nice Neighborhood
Executive Summary
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 with an open layout. Property owner used high-end products throughout construction. Complete quality. Adjacent parcel available for purchase as well. Rents are $1,650 per unit. Owner financing available. This property is an excellent opportunity to run as an AIRBNB.
Property Facts
| Price | £783,300 | Building Class | B |
| Price Per Unit | £195,825 | Lot Size | 0.28 AC |
| Sale Type | Investment | Building Size | 3,600 SF |
| Net Initial Yield | 7.92% | Average Occupancy | 100% |
| No. Units | 4 | Number of Floors | 2 |
| Property Type | Residential | Year Built | 2023 |
| Property Subtype | Apartment | Parking Ratio | 1.94/1,000 SF |
| Price | £783,300 |
| Price Per Unit | £195,825 |
| Sale Type | Investment |
| Net Initial Yield | 7.92% |
| No. Units | 4 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Building Class | B |
| Lot Size | 0.28 AC |
| Building Size | 3,600 SF |
| Average Occupancy | 100% |
| Number of Floors | 2 |
| Year Built | 2023 |
| Parking Ratio | 1.94/1,000 SF |
Unit Amenities
- Air Conditioning
- Dishwasher
- Disposal
- Heating
- Kitchen
- Yard
- Deck
- Dining Room
- Double Pane Windows
- Window Coverings
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 1+1 | 4 | £1,292 | 3,600 |
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Walk Score ®
Very Walkable (72)
zoning
| Zoning Code | R1 |
| R1 |
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50 17th St
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