APARTMENT INCOME PROPERTY FOR SALE

10 ONE BEDROOM APARTMENTS WITH HOME

BEAUTIFULLY LANDSCAPED COMMONS AREA

QUALITY CONSTRUCTION

Construction was completed in 2016. With  Earth Advantage Certificates.

FULLY RENTED UNITS

Hardwood Floors, Granite Counters and Personalize Decks/Balconies..

OUR LOCAL AREA

Read about our local Ashland community and the wonderful Lifestyle..

PROPERTY DETAILS

PRICE:   $3,033,617
NO. UNITS:   11
PROPERTY TYPE:   Multi family
PROPERTY SUBTYPE:   Single/Multi family
SALE TYPE:   Investment/ owner use
CAP RATE:   4.70%
LOT SIZE   .34 Acres
BUILDING SIZE   6,800 SF
NO. STORIES:   2
YEAR BUILT:   2015
ZONING:   R3

FINANCIAL SUMMARY pro forma 2018

GROSS RENTAL INCOME:   $173,400
OTHER INCOME:   -
VACANCY LOSS:   -
EFFECTIVE GROSS INCOME:   $173,400
PROPERTY INSURANCE:   $2,400
OPERATING EXPENSES:   $13,020
TAXES   $15,400
TOTAL EXPENSES:   $30,820
NET OPERATING INCOME:   $142,580

DESCRIPTION

Apartment complex sits approximately 700 yards from town plaza. Construction was completed in 2016. Property consists of 10 one bedroom apartments with secured garages for each of them, One 2000 sf home at the front of property, and a beautifully landscaped commons area with fire pit, common deck, and lush landscaping. All units are currently rented and house is presently occupied by property owner. All apartments and house have Earth Advantage certificates, hardwood floors, granite counters, and personal decks/balconies. Apartments are fully sprinklered and property has on site laundry. Most apartments have spectacular views of surrounding mountains.

View our Photo Gallery and for Apartment Plans you can Download PDF.
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