Description
Rare offering in heart of downtown Ashland. One of the few newer downtown office buildings w/ 9 commercial condos out of 14 condo units located on 1st and 2nd floor of the Jasmine building totaling 10,088 SF of gross building. 8 of the 9 units currently leased with 9th unit advertised for lease. Potential profit increase could be achieved by charging upstairs tenants for common areas, utilities and possible rent increases. Owner user option in ground floor unit while earning income on the remainder units. Well-funded HOA w/solid reserves for future maintenance or upgrades. Seller's portion of HOA Reserves of approx. $120k part of sale w/ Seller's portion of annual interest income for HOA reserves of approx. $5000. Very nice kitchen & restrooms in common area on 2nd floor, 3 street level units w/ private kitchen & restrooms inside units. High level quality construction w/ highly strategic location, high street & pedestrian traffic & within walking distance to downtown amenities.
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0BEDS
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N/AACRES
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0BATHS
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01/2 BATHS
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10,088SQFT
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$267$/SQFT
School Ratings & Info
Description
Rare offering in heart of downtown Ashland. One of the few newer downtown office buildings w/ 9 commercial condos out of 14 condo units located on 1st and 2nd floor of the Jasmine building totaling 10,088 SF of gross building. 8 of the 9 units currently leased with 9th unit advertised for lease. Potential profit increase could be achieved by charging upstairs tenants for common areas, utilities and possible rent increases. Owner user option in ground floor unit while earning income on the remainder units. Well-funded HOA w/solid reserves for future maintenance or upgrades. Seller's portion of HOA Reserves of approx. $120k part of sale w/ Seller's portion of annual interest income for HOA reserves of approx. $5000. Very nice kitchen & restrooms in common area on 2nd floor, 3 street level units w/ private kitchen & restrooms inside units. High level quality construction w/ highly strategic location, high street & pedestrian traffic & within walking distance to downtown amenities.
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