917 925 E Main Street, Klamath Falls, OR 97601 | Home For Sale

$645,000

917 925 E Main Street, Klamath Falls, OR 97601

beds
baths
sqft
Property Type
Commercial Sale
Built
Lot Size
0.4 Acres

Property Highlights

Property Highlights – Value-add mixed-use investment – Lot: 17,424 sq ft – Building area: 12,742 sq ft – Four ground-level commercial units and eight residential apartments – Ample on-site parking – Current residential income: four units generate $37,272 annual gross income – Pro forma: assuming lease-up of remaining apartments at $900/month and commercial stabilization at β‰ˆ $0.75/sq ft, projected gross income β‰ˆ $127,000 annually – Commercial units require clean-up and cosmetic updates to improve tenant appeal and rental rates – Property may offer future redevelopment or full residential conversion potential (buyer to verify) – Provides multiple potential exit strategies and near- and long-term income opportunities

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Facts & features

Bedrooms
Bathrooms
Square Feet
Listed By
Windermere Van Vleet & Assoc2

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