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Gateway Apartments 125 Gateway Blvd 37 Unit Apartment Building $5,950,000 ($160,811/Unit) Cottage Grove, OR 97424
EXECUTIVE SUMMARY
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. 7 tax lots for 2.49 acres total (1004736, 1006368, 1006376, 1006384, 1006392, 1006400, 1008588). 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.
PROPERTY FACTS Under Contract
| Price | $5,950,000 | Building Class | C |
| Price Per Unit | $160,811 | Lot Size | 2.49 AC |
| Sale Type | Investment | Building Size | 20,104 SF |
| No. Units | 37 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1972 |
| Property Subtype | Apartment | Parking Ratio | 3.23/1,000 SF |
| Apartment Style | Garden | ||
| Zoning | R3 | ||
| Price | $5,950,000 |
| Price Per Unit | $160,811 |
| Sale Type | Investment |
| No. Units | 37 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 2.49 AC |
| Building Size | 20,104 SF |
| No. Stories | 2 |
| Year Built | 1972 |
| Parking Ratio | 3.23/1,000 SF |
| Zoning | R3 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 1 | - | - |
| 2+1 | 26 | - | - |
| 3+1 | 10 | - | - |
1 1
Walk Score®
Very Walkable (72)
PROPERTY TAXES
| Parcel Number | 1006392 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,239,759 |
PROPERTY TAXES
Parcel Number
1006392
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,239,759
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Gateway Apartments | 125 Gateway Blvd
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