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Hillview Condominiums 230 Grant St 10 Unit Apartment Building $4,187,760 CAD ($418,776 CAD/Unit) 2.82% Cap Rate Ashland, OR 97520

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INVESTMENT HIGHLIGHTS

  • Seller Financing Available
  • Five and Ten-Year Terms
  • Variable Rates Starting at 2.5%

EXECUTIVE SUMMARY

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.

FINANCIAL SUMMARY (PRO FORMA - 2026)

ANNUAL (CAD) ANNUAL PER SF (CAD)
Gross Rental Income $267,087 $23.83
Other Income - -
Vacancy Loss - -
Effective Gross Income $267,087 $23.83
Taxes $47,481 $4.24
Operating Expenses $60,840 $5.43
Total Expenses $108,321 $9.66
Net Operating Income $158,766 $14.17

FINANCIAL SUMMARY (PRO FORMA - 2026)

Gross Rental Income (CAD)
Annual $267,087
Annual Per SF $23.83
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual $267,087
Annual Per SF $23.83
Taxes (CAD)
Annual $47,481
Annual Per SF $4.24
Operating Expenses (CAD)
Annual $60,840
Annual Per SF $5.43
Total Expenses (CAD)
Annual $108,321
Annual Per SF $9.66
Net Operating Income (CAD)
Annual $158,766
Annual Per SF $14.17

PROPERTY FACTS

Price $4,187,760 CAD
Price Per Unit $418,776 CAD
Sale Type Investment
Cap Rate 2.82%
Sale Condition Bulk/Portfolio Sale
No. Units 10
Property Type Multifamily
Property Subtype
Apartment
  • Multifamily Apartments
Apartment Style Townhome
Building Class B
Lot Size 0.35 AC
Building Size 11,208 SF
No. Stories 2
Year Built 2003
Parking Ratio 0.89/1,000 SF
Cross Streets N Main St
Zoning R-2 - R-2 zoning district is designated for residential areas suitable for urban living, specifically designed for intermediate residential densities.

AMENITIES

UNIT AMENITIES

  • Air Conditioning
  • Dishwasher
  • Disposal
  • Storage Space
  • Washer/Dryer
  • Kitchen
  • Refrigerator
  • Range
  • Tub/Shower
  • Yard
  • Breakfast Nook
  • Double Pane Windows
  • Garden
  • Lawn
  • Office
  • Patio
  • Porch
  • Smoke Free
  • Large Bedrooms

SITE AMENITIES

  • Courtyard
  • Picnic Area
  • Recycling
  • Walking/Biking Trails
  • Storage Space
  • Public Transportation
  • Private Bathroom

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
2+1 10 $2,031 CAD 1,034 - 1,174
  • Listing ID: 36940215

  • Date on Market: 2025-07-27

  • Last Updated:

  • Address: 230 Grant St, Ashland, OR 97520

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