220 4th Street, Ashland, OR 97520

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Property Description

Fantastic opportunity! 7-plex offering right in the heart of the Railroad District. Built in 1903 and very well maintained, you will see from the photos that these apartments offer lovely homes for the tenants. Perfect location on Fourth Street with cafAA(c)s, coffee houses, galleries, Food Coop, Safeway and bike path just a block or two away. Many long-term tenants, all are on month to month. Wiring replaced and all new double paned windows installed in 1998. Building was resided in 2019. The units are attractive and well cared for by the tenants. The building is 50' x 50' and 2 floors for a total of 5000 sf. There are decks on ground and upper levels. There are 4 units on upper level and 3 units on ground level. All are one-bedroom units, except for 2 upper-level studios. Commercial grade Duralast Roof in 1999. All buyers must show proof of funds or qualification. 2023 projected cap rate of 5.2% calculated from allowable rent increases tied to CPI. Call for details.

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Listing courtesy of Patie Millen Group, Inc. Selling Office: Windermere Van Vleet Jacksonville.

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