eXp Realty Ryan McMillan, Oregon license 201262100 · Brokered by eXp Realty (541) 941-8301
PromesaInvestment Properties

Our Properties · Mixed-Use

Klamath Main Mixed-Use

812 Main Street · Klamath Falls, OR · 97601 · Klamath County

Sample · Not for SaleLocation

A sample listing, not for sale. It is made up to show how our listings and their Offering Memoranda work; the property, its address and its figures are not real.

$940,000

$188,000 per unit · $115 per sq ft

Klamath Main Mixed-Use, photo 1 of 1

The underwriting

$940,000 7.1% cap

Klamath Main Mixed-Use

5 units8,200 sq ft$188K / unit6 bathsGarage Nobuilt 1926

Cash FlowYear 1$1,548Year 10$3,243a month, after the loan
$940,000 7.1% cap

LineNowYear 10 proformaProjections for illustration only: not an appraisal, a loan quote or a guarantee. Verify every figure in due diligence. Disclosures
NOI / year$67K$87K
Coverage1.39×1.81×
Equity$329K35% down$741K59%
Return CoC · IRR5.2%12.2%

Down payment

35%

Interest rate

6.875%

Amortization

30 years

Management

Self-managed

30-year fixed. Income and value grow 3% a year. Self-managed.

Ask Ryan for the file

Rent roll, trailing twelve, and the lender package.

Figures are estimates from information deemed reliable but not guaranteed. Disclosures.

Units
5
Year built
1926
Building
8,200 sq ft
Lot
5,000 sq ft
Bathrooms
6
Garage
No
Occupancy
90%
Gross rent
$9,100 / mo
Expenses
$34,816 / yr
Cap rate
7.1%
NOI
$66,740
GRM
8.6x

About the property

Fictional placeholder listing for demonstration.

Two ground-floor retail bays with a long-standing café tenant, three one-bedroom apartments above. Brick masonry, seismic bolting completed 2016, new boiler 2022. One retail bay is vacant and shown in the underwriting at asking rent with three months' downtime.

Highlights

  • Café tenant on a five-year lease through 2029
  • Seismic retrofit 2016, boiler 2022
  • Upside in the vacant retail bay

Location

Map not available