Motivated Seller – Portfolio Rebalance

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.