Rare ten-unit investment available within the Hillview Condominium development near parks, downtown entertainment, and Asante Ashland Community Hospital. Seller financing available with variable interest rates starting at 2.5% for terms of 5 and 10 years. Units range from 1,034 to 1,174 SqFt - each with two bedrooms and one full bathroom, open living and dining area, high ceilings, kitchen with granite tile counters, and all appliances included. Ground-level units with fully fenced private backyard and poured concrete patio. Average tenant occupancy of four years with current rent amount of $1,460. Association dues cover all exterior building maintenance - including roof, siding, and paint - along with 1.55 acres of common area landscaping with mature trees, plantings, and grass lawn. Inquire with agents to access additional due diligence and association documents, rent roll, P&Ls, amortization schedules, and proformas with capitalization rates up to 6.31% within five-year period.
Date | Event | Price | $/Sqft | Source |
---|---|---|---|---|
Listed For Sale | $3,000,000 | $∞ | John L. Scott Ashland |
Category | Value | Frequency |
---|---|---|
Home Owner Assessments Fee | $240 | Monthly |
Year | Annual Amount | Description |
---|---|---|
2024 | $31,752 |
Elementary School Helman Elementary School | 0.5 miles away | KG - 05 | |
High School Ashland High School | 1.7 miles away | 09 - 12 | |
Middle School Ashland Middle School | 2.2 miles away | 05 - 08 |