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$649,000
Listing Price2beds
3baths
1,168sqft
5,663sqft lot
531 N 11th St, Klamath Falls, OR 97601
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Full foreclosure details
Home value, equity and ownership info
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For Sale
Off Market
Home type
Price / sqft
Year built
Home Details
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.
Interior Details
1168
2
3
Has Heating:
Yes
Heating Type:
Forced Air With Air Conditioning
Has Cooling:
Yes
Cooling Type:
Central
Has Fuel:
No
Fuel Type:
N/A
Has Basement:
No
Basement Type:
Unfinished
Has Flooring:
No
Flooring Type:
N/A
Has Fireplace:
Yes
Fireplace Type:
N/A
Property Details
5663
No
No
Type:
N/A
Location:
N/A
Status:
N/A
Number of Spaces:
N/A
No
No
No
No
Yes
No
No
Construction Details
N/A
Asbestos
N/A
Gable/hip
Composition Shingle
Tax History
Year
Amount
Land
Improvement
Percent Change
Assessment
2019
$3,171
$0
$0
--%
$183,790
2018
$2,776
$29,000
$149,440
--%
$178,440
2017
$2,767
$29,000
$149,440
--%
$178,440
2016
$2,486
$29,000
$131,120
--%
$160,120
2015
$2,834
$0
$0
--%
$178,170
2013
$2,226
$0
$0
--%
$154,150
2012
$2,461
$0
$0
--%
$172,990
Average Home Price in 97601
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