13 Unit Apartments in Klamath Falls with 20% in place upside on rents

13 Unit Apartments in Klamath Falls with 20% in place upside on rents, For Sale - Image 2
13 Unit Apartments in Klamath Falls with 20% in place upside on rents, For Sale - Image 3
13 Unit Apartments in Klamath Falls with 20% in place upside on rents, For Sale - Image 4
13 Unit Apartments in Klamath Falls with 20% in place upside on rents, For Sale - Image 5
13 Unit Apartments in Klamath Falls with 20% in place upside on rents, For Sale - Image 6
13 Unit Apartments in Klamath Falls with 20% in place upside on rents, For Sale - Image 7
13 Unit Apartments in Klamath Falls with 20% in place upside on rents, For Sale - Image 8
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. 

Submit LOI

Key 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 Stories
0
No. of Parking Spots
0
Opportunity Zone
No
Buy Side Fee
2.5%
Price per unit
$ 108,676
View broker details
Sign in to use the inquiry form

42.239143, -121.772818

Click to view in Google Maps