Great Fix & Flip Opportunity in Klamath Falls, Oregon

Klamath County, Klamath Falls, OR, 97601
Sold
Listed at: March 4th, 2020
Price
$44,900
ARV
$135,000
Gross Margin
$90,100
Sq. Footage
978
Type
Single-Family
Parking
Assigned
Year build
1945
Lot size
0.14 acres
Bedrooms
2
Bathrooms
1.0
Half Bathrooms
0
Summary

GREAT FIX & FLIP OPPORTUNITY IN BOOMING KLAMATH FALLS, OREGON.

House needs a full remodel, roof is only 9 years old, back bedroom has a crack in the wall, plumbing & electrical are in good working order, wall heaters work great. Needs some love and care and it is a perfect home for a fix & flip, if you decide to rent it out comps for 2 bedrooms are in the range of $750 - $900 depending on finish outs.

Article from Cushman & Wakefield about the Klamath Falls Housing Shortage not meeting demands https://www.heraldandnews.com/news/housing-crunch-continues-in-klamath-falls/article_5b31bf05-47d2-594f-b362-3c1bc75670b5.html

New housing shortage

Renters and property owners in Klamath Falls echo similar sentiments to Wall's. There's plenty of demand, but not enough supply.

Kim Elliot, president of the Klamath Rental Owners Association, estimates that current vacancy rates are at about 1 percent. The volunteer group represents more than 170 members across 3,500 rental units in the county.

"The problem is there's not that much choice to go to," Elliot said. "That's where the big problems are: again, lack of supply."

Street View
Location
current deal
comparables
#2
available
$123k
sold
$99k
Bedrooms
Bathrooms
Sq. footage
Deals nearby
Available
Sold
Contact

David Comstock

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Disposition manager