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Kelso,WA 98626
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,750 sqft
Price per Sqft $139
Subdivision Kelso
MLS Listing ID 2376285
Style 54 - 4-Plex
Bedrooms 8
Year Built 1922
Annual Tax Amount $3,133
Lot Size 5,000 Sqft
Property Sub-Type Multi Family
Property Description
Take advantage of this prime multi-family investment opportunity in Kelso. This 4-plex offers a total of 3,750 SF of living space, situated on a 5,000 SF lot. Each of the four units features a 2 bedrooms and 1 bathroom, with individual unit sizes ranging from 900 to 950 SF. Two of the units have been thoughtfully remodeled while the remaining two units have maintained their original condition due to long-term tenants, offering further potential for value-add upgrades. The property offers individual water meters for each unit, with the landlord currently covering these costs—offering potential for expense reduction. Currently delivering a 6% CAP Rate, this property presents strong cash flow with room for upside.
Location
State WA
County Cowlitz
Area 417 - Kelso Hill
Interior
Flooring Vinyl,Carpet
Exterior
Exterior Feature Wood Products
View Y/N No
Roof Type Composition
Building
Lot Description Curbs,Paved,Sidewalk
Sewer Sewer Connected
Water Public
New Construction No
Schools
Elementary Schools Buyer To Verify
Middle Schools Buyer To Verify
High Schools Buyer To Verify
School District Kelso
Others
Acceptable Financing Cash Out,Conventional
Listing Terms Cash Out,Conventional