Description
Charming 13 unit apartment in low vacancy Klamath Falls. Owner replaced trouble tenants, achieved high rents to medium-term professionals (which is a high demand use case in K-Falls). Lot behind the property (next to natural area) offers buildable land with views. True 6% cap on actuals. Based on highest achieved rents at subject, 8% cap on pro forma. Seller will perform a 1031 (and is looking for properties in the mid valley). NO SHOWINGS until accepted LOI or offer. Email listing broker for package.
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0BEDS
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N/AACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
Description
Charming 13 unit apartment in low vacancy Klamath Falls. Owner replaced trouble tenants, achieved high rents to medium-term professionals (which is a high demand use case in K-Falls). Lot behind the property (next to natural area) offers buildable land with views. True 6% cap on actuals. Based on highest achieved rents at subject, 8% cap on pro forma. Seller will perform a 1031 (and is looking for properties in the mid valley). NO SHOWINGS until accepted LOI or offer. Email listing broker for package.
© 2023 Based on information from Willamette Valley Multiple Listing Service, which neither guarantees nor is in any way responsible for its accuracy. All data is provided AS IS and with all faults. Data maintained by Willamette Valley Multiple Listing Service may not reflect all real estate activity in the market. Data last updated: 2023-03-30T00:09:22.043.