$950,000

917 E Main Street , Klamath Falls, OR 97601

 
Bedrooms:0 beds
Bathrooms:0 baths
Commercial Sale:0 sqft
Lot:0.4
Year Built:--
Listing Status:Active

Listing Agent

Steven W Parmelee
http://www.vanvleet.com
Loan Amount:
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Annual Tax:
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Total Payment:$

These amounts are estimates and do not take into consideration other expenses such as PMI, etc.. This is only an estimate.

Description

Investment opportunity with strong income potential! This is a rare chance to acquire a versatile mixed-use property with significant room for increased returns. Situated on a 17,424 square foot lot, the building offers 12,742 square feet of commercial and residential space, currently configured with four ground-level commercial units and eight residential apartments on the second floor. Ample on-site parking. Currently, seven residential units and one commercial space are leased, generating $126,408 in annual income. With minimal effort to lease the remaining vacancies, this figure could rise substantially. The property is operating at a 4.35% cap rate, with a pro forma projection of 8.96% at full occupancy. While some clean-up and cosmetic updates are needed in the commercial units, there's also potential for a full residential conversion - offering an even higher return (buyers to perform their own due diligence). Financial reports available upon request.

Detailed Items

Other Information

917 E Main Street, Klamath Falls, OR, 97601 is a commercial sale listing of 0 sqft on a lot of 0.4. This commercial sale listing has 0 bedrooms, and 0 baths. The map for this location can be viewed on Google maps at Google maps to property917 E Main Street, Klamath Falls, OR
Copyright © 2025 Southern Oregon MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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