555 N River Rd Cottage Grove, OR 97424

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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.