531 11th ST Active Save Request In-Person Tour Request Virtual Tour
Klamath Falls,OR 97601
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Subdivision Klamath Falls -Nichols Addition
MLS Listing ID 220197643
Style Craftsman
Year Built 1930
Annual Tax Amount $3,669
Lot Size 5,662 Sqft
Property Sub-Type Multi Family
Property Description
Turnkey 5-Unit Investment Opportunity!
This well-maintained two-building apartment complex offers a consistent rental history and strong net income. Featuring two 2-bed/1-bath units and three 1-bed/1-bath units, each with separate electric meters, this property is ideal for investors seeking reliable cash flow. Recently updated units, upgraded electricial panals, shared coin-operated laundry, and four garage parking spaces. Located just minutes from O.I.T, Sky Lakes Medical Center, and downtown, this property offers excellent access to amenities and employment centers, ensuring steady demand for rentals.
Gross profit in 2024 was over $43K.
With solid cash flow, A cap rate of 6.5% and great potential for long-term appreciation, this property is a must-see for serious investors! A rare opportunity to own a profitable, low-maintenance multi-family investment! Unit 5: 1 bed, 1 bath, 750 sq.ft, rent is $760.
Location
State OR
County Klamath
Community Klamath Falls -Nichols Addition
Interior
Heating/Cooling Baseboard,Electric,Forced Air,Natural Gas
Exterior
Parking Features Attached,Detached,Garage Door Opener,On Street,Shared Driveway
Roof Type Composition,Rolled/Hot Mop
Parking Attached,Detached,Garage Door Opener,On Street,Shared Driveway
Building
Lot Description Level
Foundation Block,Concrete Perimeter,Slab
Water Public
Structure Type Frame
New Construction No
Construction Frame
Schools
High Schools Klamath Union High School
Others
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Special Listing Condition Standard