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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



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
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 |
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Hillview Condominiums | 230 Grant St
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