125 Gateway Blvd - Apartments FOR SALE


Cottage Grove, OR 97424
$7,000,000 USD
503-559-1444
125 Gateway Blvd, Cottage Grove, OR for Sale
$7,000,000 USD
Apartments - FOR SALE
1/17
null | 5.43% Cap Rate

125 Gateway Blvd
Cottage Grove, OR 97424


OVERVIEW

Gateway Apartments are Section 8 housing located in Cottage Grove. The HAP Contract expires in December 2026. A total of 37 units with a mix of (1) 1 bed / 1 bath, (26) 2 bed / 1 bath and (10) 3 bed / 1 bath units. Property includes newer trash compactor reducing annual garbage expense. The complex also includes a basketball court, playground, off-street parking and central laundry. Recent improvements have been made to the interior and exterior of the property. Good location with easy access to I-5 and numerous other amenities within walking distance. Please do not disturb the resident – submit offer to purchase subject to walk-through inspection.

FOR SALE DETAILS

PRICE

$7,000,000 USD

PRICE/SF

$348 USD /SF

# OF UNITS

37

PRICE/UNIT

$189,189

CAP RATE

5.43%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Gateway Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1972

PARKING SPACES

65

LAND DETAILS

LAND ACRES

1.28 AC

LAND SF

55,757 SF

ZONING

R3

APN/PARCEL ID

1006392

ASK ABOUT THIS PROPERTY

Ryan BrushSMI Real EstateMore Info
503-559-1444

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Ryan BrushSMI Real EstateMore Info
503-559-1444

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.