2001 Biehn Street

11-05-2021
11-09-2021

2001 Biehn St, Klamath Falls, OR 97601

One mile from Downtown Klamath Falls, this property was completely remodeled in 2004 from a motel into Studio and one bedroom units.  Each unit has a stove, sink, refrigerator, living / bedroom area, and a separate bathroom.  6.8 Times Gross on current rents, which have not been raised in years.  7.0% CAP on current rents which includes a 6% property management fee.  See Detailed Brochure under Due Diligence section.

Property Description

See Detailed Brochure in Offering Memorandum & Due Diligence section.

Key Property Information

Listing Status
Available
Listing Type
Highest & best offer
Multifamily type
Garden Style
Price
$ 399,000
No. of Units
9
Cap Rate
7%
GRM / GIM
6.8
Year Built
1930
Building Size
2,340 Sq ft
Lot Size
10,890 Sq ft
No. of Stories
1
Opportunity Zone
Off
Price per unit
$ 44,333
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42.239314, -121.791259