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(360) 901-2280
Real Estate Company
801 Church Street, Kelso, WA 98626
- $524,900
- 3,750
- SqFt
Listing Broker: Woodford Commercial RE; Chris Roewe; ;
- List Price
- $524,900
- Status
- PENDING INSPECTION
- MLS#
- 2376285
- Style
- 54 - 4-Plex
- Building Condition
- Average
- Finished SqFt
- 3,750
- Lot Size (sq ft)
- 5,000
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.
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Additional Information
- List Date
- 2025-05-30 18:12:12
- Community
- Kelso
- Potential Terms
- Cash, Conventional
- Year Built
- 1922
- Roof
- Composition
- School District
- Kelso
- Elementary School
- Buyer To Verify
- Middle School
- Buyer To Verify
- High School
- Buyer To Verify
- Total Monthly Income
- $3,750
- Gross Scheduled Income
- $45,000
- Vacancy Rate
- 3
- Gross Adjusted Income
- $43,650
- Tax Year
- 2025
- Insurance Expense
- $923
- W/S/G Expenses
- $6,471
- Total Expenses
- $12,338
- Net Operating Income
- $31,312
- Gross Rent Multiplier
- 12.15
- Cap Rate
- 6
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Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.