Description
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.
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School Information
Description
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.
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