$877,500
$950,000
7.6%For more information regarding the value of a property, please contact us for a free consultation.
987 Siskiyou BLVD Ashland, OR 97520
3,183 SqFt
Key Details
Sold Price $877,500
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 3,183 sqft
Price per Sqft $275
MLS Listing ID 220171273
Sold Date 12/08/23
Style Cottage/Bungalow,Traditional
Year Built 1940
Annual Tax Amount $6,448
Lot Size 10,890 Sqft
Acres 0.25
Lot Dimensions 0.25
Property Description
Investor's dream! Four legal residential units — 5 bedroom home, 1 bedroom cottage, and 2 studios — with projected income of $6,500 per month located directly across from Southern Oregon University. Extensively remodeled main home now ADA-compliant and recognized as legal residential dwelling with anticipated rent of $3,500 per month features new fire suppression sprinkler system, five bedrooms with closets, two full bathrooms, new kitchen with stainless appliances and quartz counters, laundry room, office, bonus room, new HVAC, and rooftop solar array. Two lower-level studio apartments with kitchens and full bathrooms — each currently rented for $950 per month. Detached cottage with vaulted ceiling, skylights, loft, full bathroom, and kitchen with new range currently rented for $1,100 per month. Many potential uses in R-2 zoning with commercial overlay — including Traveler's Accommodation such as AirBnb or VRBO, residential care facility, or nursing home. Inquire for details!
Location
State OR
County Jackson
Direction To access private parking lot behind property, take S Mountain Ave, right on Iowa St, right on alley past Timber Kids Dentistry — parking lot on right.
Rooms
Basement Exterior Entry, Finished, Partial
Interior
Interior Features Breakfast Bar, Built-in Features, Ceiling Fan(s), Linen Closet, Open Floorplan, Primary Downstairs, Shower/Tub Combo, Solid Surface Counters, Vaulted Ceiling(s), Walk-In Closet(s)
Heating Forced Air, Natural Gas
Cooling Central Air
Window Features Storm Window(s),Wood Frames
Exterior
Exterior Feature Courtyard, Deck, Patio
Parking Features Alley Access, Asphalt, Assigned, Attached Carport, Concrete, Driveway, No Garage, Parking Lot
Community Features Gas Available, Park, Pickleball Court(s), Playground, Short Term Rentals Allowed, Sport Court, Tennis Court(s), Trail(s)
Roof Type Composition
Accessibility Accessible Approach with Ramp
Building
Lot Description Drip System, Landscaped, Level
Entry Level Multi/Split
Foundation Concrete Perimeter, Slab
Builder Name Scott Willits Construction
Water Public
Architectural Style Cottage/Bungalow, Traditional
Structure Type Frame
New Construction No
Schools
High Schools Ashland High
Others
Senior Community No
Tax ID 10077409
Security Features Carbon Monoxide Detector(s),Fire Sprinkler System,Smoke Detector(s)
Acceptable Financing Cash, Conventional, FHA, FMHA, USDA Loan, VA Loan
Listing Terms Cash, Conventional, FHA, FMHA, USDA Loan, VA Loan
Special Listing Condition Standard
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