4 Bedroom House For Sale By Owner in Klamath Falls, OR

Property Description

Exceptional Lakefront Property with Rental Income Potential – Klamath Falls, OR

Overview: A rare opportunity to own prime lakefront real estate with significant rental income potential! This listing includes two multi-family properties, offering a combined rental income of over $8,000 per month. Located in Klamath Falls, OR, this investment includes a beautifully restored lakefront duplex and a 5-plex, making it a unique chance for savvy investors.

Property One: 747 Front St

Type: Lakefront Duplex
Price: $899,000
Rental Income Potential: Main house projected to rent for $2,500+ per month; attached apartment currently renting for $975/month.
Features:

Lakefront Location: Over 200 feet of shoreline on Link River, with stunning 180-degree views of Upper Klamath Lake, Link River, and Putnam’s Point.
Dock and Kayak Launch: Enjoy direct access to the lake for boating and water sports.
Wildlife: Ideal for nature enthusiasts with frequent sightings of eagles, pelicans, and bucks.
Attached Apartment: A 1-bedroom, 1-bath unit with a full kitchen, dishwasher, laundry room, skylights, vaulted ceilings, and soundproofing. Currently rented for $975/month.
Main House: Features a full interior remodel (2017-present), including:
Bedrooms/Bathrooms: 3 spacious bedrooms, 2.5 baths.
Family Room: Cozy space for relaxation.
Loft with Balcony: Perfect for enjoying panoramic lake views.
Storage: Ample storage throughout, including a finished basement used as a cold storage pantry and fish preparation area.
Modern Updates: New granite countertops, top-of-the-line Pergo laminate flooring, floor tile, and a whole-house vacuum system with outlets on all three stories.
Attic Fans: Keep the home cool during summer.
Parking: Two garage storage units.
Property Two: 531 N 11th Street

Type: 5-Plex
MLS #: 220183003
Price: $649,000
Current Rental Income: $4,560/month.
Features:

Unit Mix: Two 2-bedroom, 1-bath units, and three 1-bedroom, 1-bath units.
Parking: Four garaged spots and two off-street parking spots for guests.
Investment Opportunity:

The seller is offering both properties as a package deal for a total price of $1,435,000, presenting a unique 1031 exchange opportunity. Purchasing both properties together can yield a rental income of over $8,000 per month.

Summary:

Total Price for Both Properties: $1,435,000
Combined Rental Income Potential: Over $8,000/month
Special Features: Lakefront access, modern updates, ample storage, and significant rental income potential.

Details & Amenities

• Heating:

• Cooling:

• Auxiliary SQ FT: 200

Listing History

Property Location

747 Front St, Klamath Falls, OR 97601, USA, City - Klamath County