Remarks

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.

Details

MLS#: 220197643
Price: $590,000

Style: Craftsman
Year Built: 1930

County: Klamath
Subdivision: Klamath Falls -Nichols Addition
Tax Fee: 3669.80

School Elementary: Pelican Elem
School Middle: Ponderosa Middle
School High: Klamath Union High School