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.
See Detailed Brochure in Offering Memorandum & Due Diligence section.