The Oriental Apartments 2105-2113 Holly Ave 8 Unit Apartment Building $1,101,381 CAD ($137,673 CAD/Unit) Klamath Falls, OR 97601

Welcome to 2105 thru 2113 Holly Ave, an eight (8) unit apartment building centrally located in Klamath Falls, Oregon. A rare public offering of an 8 plex near downtown. This property presents the opportunity to step into an established income producing asset/value add situation. Geothermal well providing heat and hot water system throughout. Low heating costs can pass savings onto tenants. The property consist of 8 large units;6 - 1 bedroom 1 bath and 2 - 2 bedroom 1 bath. The downstairs has three units rented and one turnover currently. All current tenants have lived in the building for 3+ years. The upstairs is vacant and has undergone updating with work remaining; definitely value add situation for the right investor. Building has completely updated power meter boxes and sub panels in units, a Duralast roof, and vinyl windows throughout. A garage with garage door opener, also with geothermal heat. Property consist of two lots. Unique offstreet parking for the downstairs units. Exterior lighting all the way around on adjustable timer, and security cameras. A coin laundry room with two washers and two dryers in like new condition; two years old. The property enjoys an exceptional central location in Klamath Falls close to OIT Running Y and Skylakes Medical Center and major highways. An enterprising new owner could possibly work with the hospital to turn some or all of these units into dedicated housing for traveling and temporary medical professionals. Current owners relocating out of state. Showings on occupied areas with accepted offer. Please do not disturb tenants. Thank you! Seller is a licensed Oregon Principal Broker/Appraiser