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- LoopNet Team
1111 Main St
Klamath Falls, OR 97601
The George · Multifamily Property For Sale
·
54 Units
PROPERTY FACTS
| No. Units | 54 | Building Size | 39,835 SF |
| Property Type | Multifamily | Average Occupancy | 57% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1930/1970 |
| Building Class | C | Parking Ratio | 1.9/1,000 SF |
| Lot Size | 1.24 AC | ||
| Zoning | GC - Residential and Commercial development | ||
| No. Units | 54 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.24 AC |
| Building Size | 39,835 SF |
| Average Occupancy | 57% |
| No. Stories | 3 |
| Year Built/Renovated | 1930/1970 |
| Parking Ratio | 1.9/1,000 SF |
| Zoning | GC - Residential and Commercial development |
AMENITIES
UNIT AMENITIES
- Cable Ready
- Views
- Double Pane Windows
- Instant Hot Water
- Recreation Room
- Vinyl Flooring
SITE AMENITIES
- Controlled Access
- Laundry Facilities
- Property Manager on Site
- Security System
- Vintage Building
- Storage Space
- Elevator
- Maintenance on site
ABOUT 1111 MAIN ST , KLAMATH FALLS, OR 97601
ABOUT THE BUILDING The Elk Apartment Building offers 52,200 rentable square feet. The property is wood-frame construction with a brick exterior. The building is three-story above ground construction with a basement level. Two of the retail spaces are ground level. The three smaller retail units are in the basement. The Elk Building is currently in good condition. The seller has owned and operated the building for the past decade. Capital improvements include: high energy efficiently water heater (2017) which serves the whole building, full remodel of Suite A and B (2015-2016), electrical panel replacement and upgrades including sub-metering of all commercial space (2008-2016), security system including interior and exterior cameras (2013-2015). A complete list of upgrades since 2007 is available.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 4 | $572.00 | 500 |
| 1+1 | 38 | $600.00 | 600 |
| 2+1 | 4 | $697.50 | 800 |
| 2+2 | 1 | $725.00 | 1,010 |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $7,980 | |
| Land Assessment | $22,460 | Total Assessment | $1,061,490 |
PROPERTY TAXES
