2105-2113 Holly Ave - Apartments FOR SALE


Klamath Falls, OR 97601
$825,000 USD
541-274-9153
2105-2113 Holly Ave, Klamath Falls, OR for Sale
$825,000 USD
Apartments - FOR SALE
1/21
null | Request Cap Rate

2105-2113 Holly Ave
Klamath Falls, OR 97601


OVERVIEW

Welcome to 2105 thru 2113 Holly Ave, an eight (8) unit apartment building centrally located in Klamath Falls, Oregon. A rare public offering of an 8 plex near downtown. This property presents the opportunity to step into an established income producing asset/value add situation. Geothermal heat and hot water system throughout. Low heating costs can pass savings onto tenants. The property consist of 8 large units;6 - 1 bedroom 1 bath and 2 - 2 bedroom 1 bath. The downstairs has three units rented and one turnover currently. All current tenants have lived in the building for 3+ years. The upstairs has undergone various facelifts with some work remaining; definitely value add situation for the right investor. Building has completely updated power meter boxes and sub panels in units, a Duralast roof, and vinyl windows throughout. A garage with garage door opener, also with geothermal heat. Property consist of two lots. Unique offstreet parking for the downstairs units. Exterior lighting all the way around on adjustable timer, and security cameras. A coin laundry room with two washers and two dryers in like new condition; two years old. The property enjoys an exceptional central location in Klamath Falls close to OIT Running Y and Skylakes Medical Center and major highways. An enterprising new owner could possibly work with the hospital to turn some or all of these units into dedicated housing for traveling and temporary medical professionals. Current owners relocating out of state. Showings on occupied areas with accepted offer. Please do not disturb tenants. Thank you! Seller is a licensed Oregon Principal Broker/Appraiser

FOR SALE DETAILS

PRICE

$825,000 USD

PRICE/SF

$160 USD /SF

# OF UNITS

8

PRICE/UNIT

$103,125

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1977

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,792 SF

ZONING

NC

APN/PARCEL ID

R416623,R416632

ASK ABOUT THIS PROPERTY

Alan PfeifferSellers RealtyMore Info
541-274-9153

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Alan PfeifferSellers RealtyMore Info
541-274-9153

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