507 N Eldorado Avenue, Klamath Falls, OR 97601

$387,000
List Price
$387,000
Price Change
▲ $12,500 1633822961
MLS#
220109877
Status
PENDING
Type
Multifamily
Year Built
1938
County
Klamath
City
Klamath Falls
Addition
Klamath Falls -Hot Springs Addition
Lot Size
7,841
Acres
0.18

Property Description

Now Available Independently! Fantastic investment opportunity with charm and character to spare. Well maintained and easily rented. Beautiful and durable - hardwood floors and tile finishes set these units apart. Desirable location close to OIT, Downtown, and Sky Lakes Medical leads to an exceptionally low turn over rate and many long term tenants. Yard and common outdoor dining/bbq. Considerable storage space and garages for each unit. Roughly finished basement and extra full bath has potential to be converted to a manager's unit. Buyer to verify. Due to shared amenities, Seller prefers to sell this with adjacent 4-plex a 1901 Auburn. If bought together, asking sales price is discounted to $749,000 for both properties. Currently, 507 N Eldorado and 1901 Auburn share a Geothermal Well and Hot Water Well Agreement as well as laundry, BBQ, and outdoor space. If bought independently, buyer responsible for due diligence regarding separation.

Additional Information

Tax Year
2021
Taxes
$4,645
Ccr
No
Levels
Two
Basement
Exterior Entry, Finished, Full
View
Neighborhood
Water
Public
Sewer
Public Sewer
Zoning
SF
Cross Street
Auburn
Elementary School
Roosevelt Elem
Middle School
Ponderosa Middle
High School
Klamath Union High School

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Allison James Estates & Homes.

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