Property Description

Five-unit co-housing income property completed in 2023 in Ashlands net-zero Beach Creek neighborhood. Three main-floor studios with private baths and a two-bedroom upstairs unit share a full common kitchen; an attached one-bedroom A.R.U. has its own kitchen, bath, and laundry. 2,481 SF of gross building area. Earth Advantage Platinum design with rooftop solar, energy recovery ventilation, ductless mini-split heat pumps in every unit, in-unit laundry, and keypad entry. Owner-paid utilities, including fiber internet. Current rent roll $6,875 per month ($82,500 annualized); GRM 9.70 and cap rate 7.08% on trailing twelve-month NOI. Walk Score 70, Bike Score 82, minutes to Downtown Ashland, Southern Oregon University, and North Mountain Park. Offered at $800,000, or $160,000 per unit. The adjoining five-unit residence at 158 N. Mountain Avenue is offered separately.

Property Features

Local Schools