1601 E MAIN ST, Cottage Grove, OR 97424

About this property

Built in 2019, this well-maintained property sits on a high-visibility corner lot, offering excellent exposure for commercial use while also providing comfortable residential living above. The location is highly convenient, within seconds to pharmacies, medical offices, Safeway, restaurants, and other retail amenities. The building includes four total units—two commercial spaces on the ground floor and two residential apartments upstairs that offers their own staircase to enter making units very private and great separation of space. All units are currently leased, generating an immediate gross income of $4,650 per month. Three units rent for $1,250 each, while one apartment is currently leased at $900.The property features a paved parking lot with 9+ spaces, as well as a detached four-unit storage building at the rear, 3 Units are 5x6 and one unit is 10x20. The commercial suites offer flexibility for a variety of uses and can be customized or combined into a larger space if desired. Each unit includes concrete floors, ADA-compliant half bathrooms, and both front and rear entrances.Upstairs, the two residential units are nicely finished and each offer one bedroom and one and a half bathrooms. They feature open-concept layouts, knotty pine cabinetry, spacious breakfast bars, pantries, stainless steel appliances, LVP flooring, indoor laundry rooms, and instant hot water heaters. Each apartment has its own entry/staircase with private balconies making it a great separation of space.