0 N Hills Drive, 904144, Klamath Falls, OR 97603 | Home For Sale

Multifamily development opportunity in North Hills! This 0.36-acre multifamily-zoned parcel is located in an established, largely built-out multifamily area surrounded by apartments, townhomes and other investment properties. Conveniently located between Oregon Tech and Klamath Community College, with easy access to Sky Lakes Medical Center, Kingsley Field and destinations throughout Klamath Falls. A substantial amount of preliminary development work has already been completed, including conceptual multifamily site planning, professional stormwater analysis and detention-system design. Sewer routing has been identified, with additional utilities along North Hills Drive. Seller will consider financing with approximately 20% down, a 2-year balloon and an interest rate approximately 1% above the prevailing average rate. Seller is retaining adjacent Parcel 1 for planned 4-plex development. Adjacent Parcel 3 is offered separately; see MLS #220227789 for an expanded development opportunity.