101 Division Street , Kelso, WA 98626

WA, Kelso
$500,000
  • 2,318 Sqft
  • Residential Income Property Type
  • 1927 Year Built
  • Closed Status
Property Description

Cap rate over of 8%. While significant upgrades have been completed, there are still opportunities for value add, ensuring increased cash flow and asset appreciation. Diversified income streams with a four-plex and an additional small house, offering a mix of one and two-bedroom units, all equipped with washer and dryer hookups. Recent investments totaling over $56k, including exterior paint, siding repairs, and fence renovations, ensuring reduced maintenance costs and enhanced curb appeal. Current occupancy rate of 100%, this property presents immediate income generation and stability. Situated near restaurants, shopping centers, and the scenic Cowlitz River. Don’t miss out on this prime opportunity.

Source: NWMLS
Basic Details
  • Property Type: Residential Income
  • Listing Type: For Sale
  • Listing ID: 2211597
  • Price: $500,000
  • Square Footage: 2,318 Sqft
  • Year Built: 1927
  • Lot Area: 0.25 Acre
  • Status: Closed
  • Office Name: John L. Scott, Inc
  • Agent Name: Nelya Calev
  • Property Sub Type: Multi-Family
  • Roof: Composition
Features
  • Heating System Baseboard
  • Cooling System None
  • Exterior Features Wood
  • Flooring Carpet, Vinyl, Laminate
  • Interior Features Wall to Wall Carpet, Laminate
  • Sewer Sewer Connected
Address Map
  • Country US
  • State WA
  • County Cowlitz
  • City Kelso
  • Zipcode 98626
  • Street: Division
  • Street Number: 101
  • Street Suffix: Street
  • Longitude: W123° 5' 25''
  • Latitude: N46° 9' 21.5''
  • Directions: From I-5, take exit 40 towards N Kelso Ave. Right on Redpath St, right onto N 1st Ave, and right onto Division St. The property will be on the left.
  • Mls Area Major: 416 - North Kelso
Neighborhood
  • High School District: Kelso
Additional Information
  • Stories Total: 2
  • On Market Date: 2024-03-18
  • Number Of Units Total: 5
  • Lot Features: Sidewalk
  • Foundation Details: Poured Concrete
Financial
  • Tax Annual Amount: 4270
Listing Information
  • List Agent Mls Id: 69565
  • List Office Mls Id: 3647
  • Listing Term: Cash Out,Conventional
  • Mls Status: Sold
  • Modification Timestamp: 2024-09-05T12:48:33Z
  • Originating System Name: NWMLS
  • Special Listing Conditions: None
  • Status Change Timestamp: 2024-04-26T21:47:18Z
Rene  Orona
Rene Orona SKYLINE PROPERTIES, INC.
  • +1-425-891-8162
  • rene@brokerofrealestate.com
  • 50 116TH AVE SE STE 120 Bellevue, WA 98004, United States
  • +1-425-732-9211

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