$ 1,075,000 $ 1,075,000

220 4th ST

Ashland, OR 97520

  • 5,000 SqFt
  • 4,356 Lot Size
  • 1903 Year Built
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 cafés, 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.
Listed by Patie Millen Group, Inc

PROPERTY DETAIL

  • Key Details

    Sold Price $1,075,000

    Property Type Commercial

    Listing Status Sold

    Purchase Type For Sale

    Square Footage 5, 000 sqft

    Price per Sqft $215

    MLS Listing ID 220160689

    Sold Date 04/07/23

    Year Built 1903

    Annual Tax Amount $5,742

    Lot Size 4,356 Sqft

    Acres 0.1

    Lot Dimensions 0.1

  • Location

    State OR

    County Jackson

    Direction Located between A Street and B Street on the SW corner.

  • Rooms

    Basement None

  • Building

    Lot Description Corner Lot, Level

    Foundation Pillar/Post/Pier, Stone

    Water Public

    Level or Stories Two

    Structure Type Frame

    New Construction No

  • Interior

    Heating Electric, Natural Gas

    Cooling None

    Window Features Vinyl Frames

  • Exterior

    Exterior Feature Deck

    Parking Features On Street

    Roof Type Membrane

  • Others

    Senior Community No

    Tax ID 1-0061961

    Security Features Carbon Monoxide Detector(s),Smoke Detector(s)

    Acceptable Financing Cash, Conventional

    Listing Terms Cash, Conventional

    Special Listing Condition Standard

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CONTACT

Patie Millen
Patie Millen

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