Description
Rare offering in heart of downtown Ashland. One of the few newer downtown office buildings with 9 commercial condos out of 14 condo units located on 1st and 2nd floor of the Jasmine building totaling 10,088 SF of gross building. Fully occupied. Potential profit increase could be achieved by charging upstairs tenants for common areas, utilities and possible rent increases. Owner user option in ground floor unit while earning income on the remainder units. Well-funded HOA w/solid reserves for future maintenance or upgrades. Seller's portion of HOA Reserves to be replaced by Buyer. Sellers' portion of annual interest income for HOA reserves is approx. $5,000+. Very nice kitchen & restrooms in common area on 2nd floor, 3 street level units w/ private kitchen & restrooms inside units. High level quality construction w/ highly strategic location, high street & pedestrian traffic & within walking distance to downtown amenities.
-
0BEDS
-
N/AACRES
-
0BATHS
-
01/2 BATHS
-
10,088SQFT
-
$247$/SQFT
School Ratings & Info
Description
Rare offering in heart of downtown Ashland. One of the few newer downtown office buildings with 9 commercial condos out of 14 condo units located on 1st and 2nd floor of the Jasmine building totaling 10,088 SF of gross building. Fully occupied. Potential profit increase could be achieved by charging upstairs tenants for common areas, utilities and possible rent increases. Owner user option in ground floor unit while earning income on the remainder units. Well-funded HOA w/solid reserves for future maintenance or upgrades. Seller's portion of HOA Reserves to be replaced by Buyer. Sellers' portion of annual interest income for HOA reserves is approx. $5,000+. Very nice kitchen & restrooms in common area on 2nd floor, 3 street level units w/ private kitchen & restrooms inside units. High level quality construction w/ highly strategic location, high street & pedestrian traffic & within walking distance to downtown amenities.
© 2024 Oregon Datashare (KCAR | MLSCO | SOMLS). All rights reserved. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Oregon Datashare. Real estate listings held by IDX Brokerage firms other than Arends Realty Group | Cascade Sotheby's International Realty are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about them includes the name of the listing Brokers. Information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. The consumer will not copy, retransmit nor redistribute any of the content from this website. Information provided is deemed reliable, but not guaranteed. Listing courtesy of Arends Realty Group | Cascade Sotheby's International Realty. Data last updated: .2024-10-08T22:43:55.143