224 S Broad St - Apartments FOR SALE


Klamath Falls, OR 97601
$1,000,000 USD
503-390-6060
224 S Broad St, Klamath Falls, OR for Sale
$1,000,000 USD
Apartments - FOR SALE
1/7
null | Request Cap Rate

224 S Broad St
Klamath Falls, OR 97601


OVERVIEW

Don't miss your opportunity to purchase the White House! Located just blocks from downtown Klamath Falls & a quick commute to OIT, this 23 Unit value add investment opportunity features (1) 1 bed/1 bath unit & 22 studio's. Units are separately metered for power & the building features a laundry room in the basement along with space to create add'l tenant storage. 12 current vacancies provide the opportunity to quickly renovate & stabilize the property with market rate tenants in need of affordable housing. Actual year built is unknown. Buyer to complete all due diligence to determine the actual age of the property.

FOR SALE DETAILS

PRICE

$1,000,000 USD

PRICE/SF

$93 USD /SF

# OF UNITS

23

PRICE/UNIT

$43,478

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

White House Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1950

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.25 AC

LAND SF

11,021 SF

ZONING

LI

APN/PARCEL ID

R414821

ASK ABOUT THIS PROPERTY

Jordan SparksSMI Real EstateMore Info
503-390-6060

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Jordan SparksSMI Real EstateMore Info
503-390-6060

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