Not an investor? live in one of the two houses and use the basement of the large building as shop and/or storage... City of Kelso recently rezoned this property for multi plex. * Cowlitz County Property ID 3036958 - Appraised Value: $320,080 (2023 tax year) * Cowlitz County Property ID 3036959 - Appraised Value: $112,410 (2023 tax year) Currently being used as residential rentals. Again rents have not been increased in years, take a minute and compare rents I have on this property for rents on Craigslist. I did not increase rents before this listing allowing new owner to move forward as they best wish to without having to comply with existing multi month leases. but my rents are way below local renal rates. Note the City of Kelso recently completed upgrade to Allen Street - the major street through Kelso two lots (next street) north. This property has incredible long term potential with this street improvement is done. Please drive and look. Long term value of this property being two lots on corner of street just off main drag through town from I-5 to Ocean beaches???? Building #1 207 SW 5th Kelso. Single family one bed one bath small house. Long term tenet never has raised the rent on her ($1050). Fenced large front yard, carport walled in she uses as storage. I pay water, sewer and garbage for this building. New roof. Inside of this building remodeled prior to this tenant moving in a few years ago. Building #2 - 209 SW 5th. Old large home converted to 4 plex. Upstairs two studios with one shared full bath ($450 each per month). Down stairs #1 is Studio full bath and kitchen ($675). Unit #2 one bed room with small kitchen and dinning and living roof, full bath. Long term tenet - never raised rent on them ($700). Full basement that I use as storage - but could be rented out as storage. Currently plumbing fixtures to low volume water use types. I pay water, sewer, electrical and garbage for this building. Building #3 503 Lincoln. One bed one bath - completely remolded last year (some pictures below). Fenced back yard with storage building detached. I pay water, sewer and garbage for this building. New roof 2 years ago +/-. During remodel I undated plumbing fixtures to low volume water use types. Rent $950. Will not split the property. But would sale as two separate transaction (to close at same time) to keep loan as "personal and not commercial). Willing to trade other valuables as part of down or as part of purchase price if that is an option to you (i.e. other real estate, gold, coins, silver, stocks bonds...) Not really interested in vehicles??? maybe smaller farm or tree farm.???). Can trade up or down. All tenants on leases that are now month to month (I start of with at least a 6 months lease which converters to a month to month after 6 months - thus you can raise rent if you like or evict. Please DO NOT disturbed tenets. There are no HMO dues or unpaid taxes or fees or levies. All heating is electrical. Hot water in large building is natural gas I will show property with accepted offer. Not a forced sale. Please no low ball offers will not respond. Would consider caring short term contract with large down and good credit rating. Agents: I will pay fee for buyers at sale. Agents PLEASE DO NOT contact me to list. I am not interested in listing on MLS. Please email me with questions. DO NOT question tenants please. More pictures coming
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