$549,000

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531 N 11Th Street Klamath Falls, OR, United States 97601

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.

Amenities

  • Bedrooms: 0
  • Full Bathrooms: 0
  • Partial Bathrooms: 0
  • Property Type: Multifamily
  • Year Built: 1930
  • Built in 1930
  • Home size: 0 ft2 / 0.00 m2
  • MLS: 220197643
  • Status: Active

Property brokered by

Windermere Real Estate Western WA and OR

(206) 526-7730

Get more listing details on brokerage site

Presented by Jody Carter

  • (541) 885-4400 (Office Phone)

Contact Jody Carter

Contact Agent

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