128 S Mountain Avenue, Ashland, OR 97520
- $855,000
- List Price
- $855,000
- Days on Market
- 178
- MLS#
- 220217221
- Acres
- 0.27
- Lot Size
- 11,761
- Year Built
- 1940
- subdivision
- Ashland Homestead Association
Property Description
Prime Investment & Development Opportunity in Ashland. Well-maintained duplex located close to downtown offering immediate cash flow and long-term upside potential. Both units are rented at $1,450 per month ($2,900 total), with tenants paying all utilities, keeping operating expenses low. Property has an excellent rental history and is professionally managed. Capital improvements include newer roof, vinyl windows, stainless appliances, gas log fireplace (rear unit), new water heater and additional updates. Situated on a large approx. 0.27-acre R-3 high-density zoned lot, creating exceptional future redevelopment potential. The City of Ashland Planning Department indicates a 5.4 base density factor with potential for up to 20 units. (buyer due diligence required). For development details contact Aaron Anderson or Nick Schubert at City of Ashland Planning Department.
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Additional Information
- Style
- Ranch
- Stories
- One
- Foundation
- Concrete Perimeter
- Roof
- Composition
- Flooring
- Carpet, Hardwood, Laminate, Vinyl
- Interior Features
- Ceiling Fan(s), Laminate Counters, Shower/Tub Combo
- Appliances
- Cooktop, Dishwasher, Disposal, Oven, Range, Refrigerator, Water Heater
- View
- Mountain(s), Territorial, Neighborhood
- Cooling
- Wall/Window Unit(s)
- Heating
- Natural Gas, Wall Furnace, Other
- Water
- Public
- Sewer
- Public Sewer
- Elementary School
- Check With District
- Middle School
- Check With District
- High School
- Check With District
- Taxes
- $3,501
- Zoning
- R-3
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Listing courtesy of RE/MAX Integrity.
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