Bought with John L Scott LVW
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Key Details
Sold Price $480,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 2,318 sqft
Price per Sqft $207
Subdivision North Kelso
MLS Listing ID 2211597
Sold Date 04/26/24
Style 55 - 5-9 Units
Year Built 1927
Annual Tax Amount $4,270
Lot Size 0.251 Acres
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.
Location
State WA
County Cowlitz
Area 416 - North Kelso
Interior
Interior Features Laminate, Wall to Wall Carpet
Flooring Laminate, Vinyl, Carpet
Fireplace No
Exterior
Exterior Feature Wood
Amenities Available Cable TV, Fenced-Partially
Waterfront No
View Y/N No
Roof Type Composition
Building
Lot Description Sidewalk
Sewer Sewer Connected
New Construction No
Schools
School District Kelso
Others
Senior Community No
Acceptable Financing Cash Out, Conventional
Listing Terms Cash Out, Conventional
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