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$ 645,000
Est. payment | /mo
12,742 SqFt
$ 645,000
Est. payment | /mo
12,742 SqFt
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 12,742 sqft
Price per Sqft $50
MLS Listing ID 220214847
Annual Tax Amount $7,832
Lot Size 0.400 Acres
Acres 0.4
Lot Dimensions 0.4
Property Description
Value-add mixed-use investment with strong income and upside potential. Located on a 17,424 square foot lot, this 12,742 square foot property features four ground-level commercial units and eight residential apartments, supported by ample on-site parking. Currently, four residential units generate $37,272 in annual gross income. With lease-up of remaining apartments at an estimated $900/month and stabilization of commercial space at approximately $0.75 per square foot, projected gross income increases to $127,000 annually. The commercial units offer immediate improvement potential through clean-up and cosmetic updates, enhancing tenant appeal and rental rates. Additionally, the property may offer future redevelopment or full residential conversion potential (buyer to verify), creating further opportunities for appreciation and long-term cash flow. Ideal for investors seeking a scalable asset with multiple exit strategies and strong near-term and long-term returns.
Location
State OR
County Klamath
Interior
Heating Ductless
Cooling Ductless, Evaporative Cooling
Exterior
Parking Features Asphalt, On Street, Parking Lot
Roof Type Membrane
Building
Lot Description Corner Lot, Level
Foundation Slab
Water Public
Level or Stories Two
Structure Type Brick,Frame
New Construction No
Others
Senior Community No
Tax ID 612938
Security Features Carbon Monoxide Detector(s)
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Third Party Approval
Listed by Windermere Van Vleet & Assoc2
NEARBY SCHOOL & BUSINESS
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