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USAORKlamath FallsKlamath Falls -Nichols Addition531 11Th St
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$580,000

531 11 Th St, Klamath Falls, OR

Real Estate

For Sale

$--,---,---
000
  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size -
Garage Yes
Taxes $3,670
Days Active 65
Lot Size 
Approx. Age 1930
MLS® Number 220197643

Property Address: 

Average square foot calculated using Size range provided by listing agent.

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.Show Description
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No Data
Walk Score®
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No Data
Transit Score®
-
No Data
Bike Score®
MLS® Number220197643
Laundry Level
Central VacNo
FireplaceNo
Acreage0.13
Exterior
GarageYes
Approx. Age1930
BasementFull, Unfinished
DrivewayAttached, Detached, Garage Door Opener, On Street, Shared Driveway
Garage Spaces
HeatBaseboard, Electric, Forced Air, Natural Gas
A/CNone
Heating Fuel

Extras

All owner owened kitchen appliances

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