Kelso, WA 98626,101 Division ST
Kelso, WA 98626,101 Division ST
Kelso, WA 98626,101 Division ST
21
Listed by John L. Scott, Inc
Bought with John L Scott LVW
$480,000
$500,000
4.0%
Est.Price: ?

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2,318 SqFt

101 Division ST Kelso, WA 98626

Est. payment /mo
SOLD DATE : 04/26/2024

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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 false

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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Northwest MLS (NWMLS)

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Melissa Kenady

Broker | License ID: 21024227

+1(509) 860-3753

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