531 N 11th St - Apartments FOR SALE


Klamath Falls, OR 97601
$595,000 USD
541-331-0060
531 N 11th St, Klamath Falls, OR for Sale
$595,000 USD
Apartments - FOR SALE
1/15
null | 6.5% Cap Rate

531 N 11th St
Klamath Falls, OR 97601


HIGHLIGHTS

  • Turn key 5- unit investment oppertunity
  • Well maintained apartment complex
  • Minutes from Oregon Tech State College and Downtown Klamath Falls, Southern Oregon

OVERVIEW

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 electrical panels, shared coin-operated laundry, and four garage parking spaces (two 2-car garages). Located just minutes from Oregon Institute of Technology, Sky Lakes Medical Center, and downtown, this property offers excellent access to amenities and employment centers, ensuring steady demand for rentals. With solid cash flow 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!

FOR SALE DETAILS

PRICE

$595,000 USD

PRICE/SF

$148 USD /SF

# OF UNITS

5

PRICE/UNIT

$119,000

CAP RATE

6.5%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1930

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,663 SF

ZONING

A

APN/PARCEL ID

R369808

ASK ABOUT THIS PROPERTY

Allison YorkWindermere Real Estate KfMore Info
541-331-0060

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Allison YorkWindermere Real Estate KfMore Info
541-331-0060

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.