







Available
03-09-2023
03-19-2023
2036 Leroy St, Klamath Falls, OR 97601
- 20% (conservative estimate) rent upside.
- Curb appeal and charm (which helps attracts quality tenants)
- Views and proximity to natural areas and trails.
- New roof
- Trouble tenants have been removed!
- 6% on actuals. 8% pro forma is based on one of the highest achieved rents already!
- Adjacent land for sale (buildable/views), which is between subject property and a natural area with walking trails, etc.
Property Description
Klamath Falls has a severe housing shortage. There is a high demand for nice units with curb appeal that can be rented to medical professionals coming in to down for year long or medium term contracts.
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SIGN INKey Property Information
Listing Status
Available
Listing Type
Call for offers
Multifamily type
Low-Rise
Price
$ 1,412,784
No. of Units
13
Cap Rate
6%
Average Occupancy
100%
Year Built
1930
Year Renovated
0
Building Size
11,420 Sq ft
Lot Size
0.49 acres
No. of Parking Spots
0
Opportunity Zone
No
Buy Side Fee
2.5%
Price per unit
$ 108,676