555 N RIVER RD
Cottage Grove, OR, 97424 $ 2,799,000
Bedrooms2 Baths2.0 Monthly Estimate*
$ 18,603
for $2,799,000 with 2 bedrooms and 2 full baths. This home was built in 1920 on a lot size of 1.
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.
See more
FeaturesGeneralSewer PublicSewer
Heating WallHeater
Zoning R2
Year Built 1920
Stories 1
Tax Year 2023
Gross Income 0
County Lane
Net Operating Income 0
Operating Expense 0
Property Type MultiFamily
Rent Includes None
Status Active
Directions East Main to North River Road
City CottageGrove
NumberOfUnitsTotal 17
MLS Area _235
Lot Size Square Feet 43560.0
Street Name RIVER
Listing Terms Cash Conventional
Tax Annual Amount 6965.52
Middle/Junior High School Lincoln
Property Condition Existing
Days on Market 64
Standard Status Active
Legal Description SEC 28 TWN 20 RNG 03
See more
ExteriorWater Source PublicWater
Exterior Description CementSiding
Lot Size Acres 1.0
See more
InteriorUnit 1 Baths Total 1
Unit 1 Beds Total 2
Unit 2 Baths Total 1
Unit 2 Beds Total 0
Street Suffix RD
Unit Type UnitTypeType1 UnitTypeType2
See more
* Excluded FeaturesList ByBridge Creek RealtyBroker
icrist@bridgecreekrealty.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $18,603
- Monthly Property Taxes
- $580
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Cottage Grove, OR
Average List Price $1,865,233
Percent of Sale Price 33%
About Cottage Grove, OR 10,067 Population
17% Since 2002
$ 37,972 Median Income
40.22 Median Age
28% Households with Children
Trends Information provided by ATTOM Data Solutions.
1949264 Elementary School
4618069 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 4/9/2024 | $2,799,000 | -4.14% | Price Down |
| 3/27/2024 | $2,920,000 | | Listed Price |