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25445432
25445439

230-256 Grant St, Ashland, OR 97520

GT
OR 201218617
Catherine Rowe Real Estate Team
Listed by Catherine Rowe Real Estate Team
$2,250,000
313 days on market
Updated 27 days ago

Hillview Condominiums

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 11,208
Net Rentable (SqFt) 11,208
Units 10
Cap Rate 4.02%
NOI $90,548
Occupancy 90%
Pro-Forma Cap Rate 4.02%
Pro-Forma NOI $90,548
Price per SqFt $199
Broker Co-Op Yes
Class B
Year Built 2003
Year Renovated 2026
Buildings 2
Stories 2
Acreage 0.02 - 0.03
Zoning R-2
Parking Spaces 1 per unit
Ownership Trust, Pension

Rare 10-unit investment in Hillview Condominiums — close to parks, medical, and downtown Ashland.

Marketing description

Three-year seller-carried financing available at 3.75% rate with interest-only payments and balloon at maturity. Each unit ranges from 1,034 to 1,174 SqFt with two bedrooms, one full bath, open living and dining space, high ceilings, in-unit laundry, kitchen with granite counters and all appliances included, dedicated parking, storage, and access to landscaped common areas. Ground-level units with fully fenced private backyards and poured concrete patios. Portfolio includes stable tenancy, average occupancy of 4.2 years, room for rent growth, and association-maintained exterior building components including roofs, siding, paint, and landscaping. Complete investment analysis and user guide, rent roll, association documents, title information, and additional due diligence materials available upon request.

Investment highlights

Basic Details

  • 10 Units
  • Each 2 Bedrooms, 1 Full Bathroom
  • From 1,034 to 1,174 SqFt
  • Built in 2003
  • Listed for $2,250,000

Features

Interior

  • Entry coat closet
  • Spacious open living and dining area
  • Kitchen with granite tile counters, wood and glass-fronted display cabinets, tile floor, four-burner natural gas range oven with microwave hood, dishwasher, and refrigerator
  • Primary bedroom with mirrored closet, built-in vanity, sliding glass door to fully fenced private backyard, and ensuite access to full bathroom with marmoleum floor and tub shower with glass door
  • Guest bedroom or office with mirrored closet
  • Laundry closet with stacked washer and dryer

Exterior

  • Ground-level units with fenced private backyard and poured concrete patio, covered front porch
  • Common area lawn, mature trees, and plantings maintained by association
  • Detached carport with dedicated parking, private storage spaces, and guest parking

Location

  • Established condominium development within close proximity to restaurants, groceries, and downtown entertainment
  • Near community gardens, picnic tables, walking paths, and playgrounds of dog-friendly Scenic Park (~0.2 miles)
  • Less than one minute from Asante Ashland Community Hospital (~0.3 miles); three minutes from Ashland’s downtown plaza or Lithia Park (~0.9 miles)

Listing Contacts

GT
OR 201218617
Catherine Rowe Real Estate Team
Listed by Catherine Rowe Real Estate Team

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$90,548.00
$7,545.67/mo

Valuation Metrics

0
DSCR
4.02%
Cap Rate
4.02%
ROI

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Additional Information

Name
Graham Thomas
License
201218617
Brokerage
John L. Sott Real Estate
Brokerage Phone
5417083975
Title
Principal Broker
Brokerage Address
320 East Main Street
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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