1320 Summers Lane

Klamath Falls, OR 97603

$389,997
Price
Beds
1,846 Sq. Ft.
$211 / Sq. Ft.
1,846
Sq. Ft.
$211
per Sq. Ft.

Description

Hurry on this one! AFFORDABLE Opportunity to own this 4 bedroom/ 3 bath duplex that feels like 2 separate homes. The larger unit has 3 bedrooms, 2 baths, open floor plan. Beautiful floors throughout. This shows wonderful and is ready for you to move in! The other unit (one bedrooms, one bath) is vacant. Potential rent income of $3,000 a month. Or more if Airbnb?? One bedroom can rent est. for $1000. Perfect for college students. Vacant larger unit estimated to rent at $2,000. Both units have private...Hurry on this one! AFFORDABLE Opportunity to own this 4 bedroom/ 3 bath duplex that feels like 2 separate homes. The larger unit has 3 bedrooms, 2 baths, open floor plan. Beautiful floors throughout. This shows wonderful and is ready for you to move in! The other unit (one bedrooms, one bath) is vacant. Potential rent income of $3,000 a month. Or more if Airbnb?? One bedroom can rent est. for $1000. Perfect for college students. Vacant larger unit estimated to rent at $2,000. Both units have private fenced yards. Both have central air conditioning. Great close in area! This presents a great investment opportunity for Living in one unit and having renters, particularly college students. Buyer to verify rents, etc..
  1. Listed by Lorna Murray • RE/MAX Equity Group

Property Details for 1320 Summers Lane

Zoning
A

Location

Listing Courtesy of RE/MAX Equity Group
Add your commute
LISTING UPDATED: 05/03/2024 05:22 PM

Property Details for 1320 Summers Lane

StatusActive
MLS #24005141
Days on Market16
Taxes$2,380 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family
Year Built1972
Lot Size0.24 AC / 10,454 SF
CountyKlamath County

Location

Listing Courtesy of RE/MAX Equity Group
Add your commute

Building Information for 1320 Summers Lane

Stories1Residences2Year Built1972Building Size-Lot Size0.24 AC / 10,454 SF

Payment Calculator

$2,327 per month

30 year fixed, 7.25% Interest

Principal and Interest

$2,128

Property Taxes

$198

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1320 Summers Lane

Summary
Location and General Information
  • Country: US
  • Directions: From Shasta Way, North on Summers Ln, Property is on the left just before the corner of Adelaide
  • Road Surface: Paved
School Information
  • Elementary School: Shasta
  • High School: Mazama
  • Middle Or Junior School: Brixner
Taxes and HOA
  • Tax Year: 2023
  • Tax Annual Amount: $2,380.45
  • Parcel Number: 445290
  • Tax Legal Description: SHADOW HILLS 1ST ADDITION, BLOCK 4, LOT 3, ACRES 0.23
Property
Lot Information
  • Acres: 0.24
  • Lot Description: Level
  • Lot Size Square Feet: 10454.0
  • Lot Size Range: Sq Ft10000to14999
  • Lot Size: 10,000 to 14,999 Sq Ft
Property and Assessments
  • Property Type: Multi Family
  • Water Description: Public Water
  • Property Condition: Approximately
  • Year Built: 1972
Utilities
  • Cooling Description: Air Conditioning Ready
  • Fuel Description: Electricity
  • Heating Description: Forced Air
  • Hot Water Description: Electricity
  • Sewer Description: Public Sewer
  • Rent Includes: Electricity, Heat, Sewer, Water
Interior and Exterior Features
Exterior Features
  • Exterior Description: Wood Siding
  • Roof Type: Composition
Interior Features
  • Foundation Details: Concrete Perimeter
  • Stories: 1
Multi Family
Multi-Family Information
  • Number Of Units Total: 2
  • Gross Income Actual: $10,080.00
  • Gross Income Projected: $36,000.00
  • Gross Rent Multiplier: $38.69
  • Net Income Actual: $7,700.00
  • Net Income Projected: 32000
  • Operating Expenses Projected: $4,000.00
  • Operating Expense: $2,400.00
  • Unit Type Type: Unit Type Type1, Unit Type Type2
  • SqFt Approximate Building Total: 1846
Unit 1 Information
  • Unit Type 1 Baths Total: 2
  • Unit Type 1 Beds Total: 3
  • Unit Type 1 Features: Air Conditioning
  • Unit Type 1 Rent: $0
  • Unit Type 1 SqFt: 1046.0
  • Unit Type 1 Units Total: 1
Unit 2 Information
  • Unit Type 2 Baths Total: 1
  • Unit Type 2 Beds Total: 1
  • Unit Type 2 Features: Air Conditioning
  • Unit Type 2 Rent: $1,000
  • Unit Type 2 SqFt: 800.0
  • Unit Type 2 Units Total: 1

Public Records for 1320 Summers Lane

Taxable ValueLand-Additions-Total-
Tax Record2023$2,380 ($198 / month)
Home Facts
Beds3Baths4Total Finished SqFt1,846 SqFtAbove Grade Finished SqFt1,846 SqFtStories1Lot Size10,454 SqFtStyleSingle Family ResidenceYear Built1972ZoningACountyKLAMATHAPNR-3809-034DA-02100-000Fireplace TypeHas Fireplace

Schools near 1320 Summers Lane

This home is within Klamath Falls City Schools.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 7 to 12
Rating
School
Distance
Roosevelt Elementary School
PublicK to 5

Ponderosa Junior High School
Public6 to 8

Klamath Union High School
Public9 to 12

Link River High School
Public7 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

1320 Summers Lane is a multi-family home for sale in Klamath Falls, OR 97603. This property was listed for sale on April 20, 2024 by RE/MAX Equity Group, it's currently listed at $389,997. This listing's school district is Klamath Falls City Schools. Nearby schools include Roosevelt Elementary School, Ponderosa Junior High School and Klamath Union High School. 1320 Summers Lane is a 0-bed, 0-bath, 1,846 sqft multi-family home built in 1972.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of RE/MAX Equity Group

All information provided is deemed reliable but is not guaranteed and should be independently verified. The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland Oregon. Real estate listings held by brokerage firms other than Compass are marked with the RMLS logo and detailed information about these properties includes the names of the listing brokers. Copyright © 2024 RMLS, Portland, Oregon. Last updated: 05/03/2024 05:22 PM