MLS# 24065156 – 901 Pacific Ave, Kelso, WA 98626 – John Wesley McPherson, Jr., The Portland Team with Premiere Property Group, LLC

Listing courtesy of Realty NW Properties.

Property Description

Description

3 Units

Status: Pending

Year Built: 1935

Days on Website: 47

Rare chance to own a triplex in Kelso at an excellent price! This property features easy single-level units with a newer roof (about 2 years old), fresh exterior paint, 10-year-old windows, and updated electrical and plumbing (new supply lines and some drain lines replaced with PVC). Two 1 bed/1 bath units rent for $550 each (well below market rates of ~$900). The 2 bed/1 bath unit is vacant and currently being remodeled by the owner; Remodel will be done prior to closing, with expected rent around $1250 once re-rented by the next owner. Buyer to do their own rent projections. Tenants pay electricity (separately metered), and the owner pays water. Great opportunity to add value and build long-term wealth!

Property Details and Features

Building

Building Area Total:

1732

Built in 1935

Stories:

Unit Type Type:

UnitTypeType1,UnitTypeType2

Expenses

Operating Expense Scheduled:

8400

Operating Expense:

$8,400

Exterior Features

Exterior Description:

WoodSiding

Heating

Heating Available

Heating:

Baseboard

Income

CAP Rate:

1.45

Gross Income:

$13,200

Gross Rent Multiplier:

24.99

Gross Scheduled Income:

$36,600

Net Operating Income:

$4,800

Net Scheduled Income:

28200

Listing

Contract Status Change Date:

2024-11-09

Cumulative Days On Market:

Days On Market:

Last Transaction Date:

2024-11-09 17:18:47

List Price:

$329,900

Listing Contract Date:

2024-10-07

Listing Id:

24065156

Mls Status:

Pending

Modification Timestamp:

2024-11-09 17:18:47

Off Market Date:

2024-11-09

On Market Date:

2024-10-07

Previous List Price:

$339,900

Purchase Contract Date:

2024-11-09

Rent Includes:

Water

Standard Status:

Pending

Location

MLS Area Major:

_82

County Or Parish:

Cowlitz

Lot

Features:

Level

Size Acres:

0.13

Size Range:

SqFt5000to6999

Size Square Feet:

5,662

Size:

5,000 to 6,999 SqFt

Parking

4 total parking spots

Possession

Possession:

CloseOfEscrow

Property

Number Of Units Total:

Zoning:

RMF

Roof

Roof:

Composition

Schools

High School:

Kelso

Middle Or Junior School:

Coweeman

Elementary School:

Wallace

Sewer

Sewer:

PublicSewer

Taxes

Annual Amount:

$3,032

Legal Description

Tax Year:

2024

Unit One

Actual Rent:

$550

Area:

520

Units Total:

1 total bathroom

1 total bedroom

Unit Two

Area:

700

Units Total:

1 total bathroom

2 total bedroom

Utilities

Fuel Description:

Electricity

Hot Water Description:

Tank

Water Source:

PublicWater

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Contact an Agent

John Wesley McPherson, Jr., CFA

503406-1776 Email Me

Location

$329,900 -

901 Pacific Ave Kelso , WA 98626

MLS Area Major: _82

Street View

Nearby Schools

Recent Sales in the Area

This content last updated on November 22, 2024 11:50PM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.