323 Commercial StreetKlamath Falls, OR97601

$550,000
10 total units
4320 sq. ft
0.25 acres
Elementary School: Check with District
Middle School: Ponderosa Middle
High School: Klamath Union High
Zoning: LI
463 days on market

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Price per unit$55K/unit
Price per ft²$127.31/ft²
Price per acre$2.2M/ac
Time on market463 days
323 Commercial Street (1 of 39)

Property Description

ATTENTION INVESTORS!! Don't miss out seeing this money making opportunity. Two 4-plexes, a 3 Bed/1 Bath home, and a 1 Bed/1 Bath home all on one tax lot. Located within walking distance of the Klamath Falls downtown city area, with coin-operated laundry facility on the premises. As of April 2022, exterior surfaces have fresh paint and new roofing on all buildings for the exception of the 1 Bed/1 Bath home because the roof is still in good condition. Most windows are vinyl double pane and the owner has made substantial plumbing and electrical updates on the various units. Owner pays water, sewer, & garbage. Currently 9 out of 10 units are rented & the 10th unit will be soon occupied for a total of $6102/month. Owner is willing to carry with 30% down, 6% interest, amortized over 15 yr period.

Financial Data

Date Sold2023-02-14
Sold Price$600,000
Original Price$550,000
Current Price$550,000
Property Taxes$4,658

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Home Facts

StatusClosed
Year Built9999
MLS ID220157960
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