Identity Complex
Multi Unit Complex. Lots of individual units, fully rented with room for more!
Marketing description
Here is your chance to own a large income producing property in the heart of the downtown Ashland Business District. Located one block from the Delta Hotel, this property consist of almost the entire half block between 16th And 15th Street and between Greenup Ave and the flood-wall. This is the floodwall side of the block. Six current tenants provide the buyer with immediate income. There are plenty of opportunities to renovate and develop even more of this property into loft apartments, commercial spaces or other income producing projects. The seller keeps very detailed accounting reports and records. Multiple updates and renovations have been made to this property within the last few years. This site makes it difficult to convey some info. Here is the bottom line, I will sell this fully rented complex for a CAP rate of about 8% - 9% or maybe more. The current price reflects a 8% CAP rate.
Investment highlights
Here is your chance to own a large income producing property in the heart of the downtown Ashland Business District. Located one block from the Delta Hotel, this property consist of the entire half block between 16th And 15th Street and between Greenup Ave and the floodwall. This is the floodwall side of the block. Six current tenants provide the buyer with immediate income. There are plenty of opportunities to renovate and develop even more of this property into loft apartments, commercial spaces or other income producing projects. The seller keeps very detailed accounting reports and records. Multiple updates and renovations have been made to this property within the last few years.
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