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Cedar Gardens Apartments

4500 Cannon Avenue, Klamath Falls, Oregon 97603

$7,000,000

Status:
In Contract
County:
Klamath
Units:
96
Year Built:
65-73
Unit Price:
$72,927
Building Size:
69,576 sq. ft.
Price per SF:
$101
Unit Mix:

Ninety-six (96) units consisting of forty-three (43) one-bedroom and fifty-three (53) two-bedroom apartments. 

Floors:
2
Open Parking:
Yes
Laundry Room:
Yes
Rental Office:
Yes
On Site Manager:
Yes
Covered Parking:
Yes
Siding:
Wood
Roof Type:
Composite
Heat Type:
Gas
Property Photo

Cedar Gardens Apartments is a value-add opportunity originally built in two phases. Construction began in 1965 and was fully completed by 1973. The property features a well-maintained courtyard green space with mature trees. Some of the units are townhomes, and covered carport parking is available. Included with the purchase is a flat lot that could be developed or sold in the future. It is zoned RH for high-density residential use.

96
Units
65-73
Year Built
69,576
SQ. FT.

Property Location