1209 CARLYLE STREET

Klamath Falls, Oregon 97601, United States

A rare opportunity to own one of the very few new build quadplexes in Klamath Falls, Oregon. This modern turnkey, newly constructed multi-family property is an investors dream, offering a perfect location, just minutes away from downtown, shopping, Oregon Institute of Technology, and Sky Lakes Medical Center, making it highly desirable to tenants. All units are separately metered for water and electric for ease of ownership. Each unit offers two bedrooms, a 5-star energy rating and equipped with AC, heat mini splits, stainless steel appliances, in-unit stacked washer/dryer combo, smart TV, cadet heaters, electric fireplaces, and water-resistant flooring. The property features low-maintenance landscaping, a huge front deck, and a fenced backyard. All units come with off-street covered parking. Fully leased with 12-month contracts. 1209 Carlyle offers low maintenance and operating costs, with exemption from rent controls for the next 15 years. All units are rented and on one year assumable lease agreements. This property boasts exceptional gross rents of $67,200. 7.12% CAP. 20% Expense Ratio. Seller will provide a home warranty with an accepted offer as well as an 18 month labor warranty from builder.