300 Hawthorne St

    Kelso, WA 98626
    • $650,000
    • STATUS: Pending
    • ON SITE: 161 days
    • ID#: 1341847
    Under Contract
    UPDATED: 58 min ago
    $650,000
    • 0
      BEDS
    • 0.65
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1981
    County:
    Area:

    School Ratings & Info

    Listing Courtesy of Matt Peters Real Estate.

    Description

    92 unit mini storage facility in Kelso minutes away from I-5 corridor. Great income producing investment opportunity with minimal landlord responsibility and a well organized business operation. Property has 20 grade level/garage like storage doors, 12 heated units, 5 separate storage building structures, office, onsite property manager, metal siding/roofing. Cash cow investment with current net operating income over 9.8% with rent upside potential to achieve over 11.7%. Exceptional opportunity.

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    The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Kimberly Gartland Group - Keller Williams Realty are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2019-01-17T15:16:36.28.

    www.kimberlygartlandgroup.com/homes/86369763

    300 Hawthorne St Kelso, WA 98626

    • Price: $650,000
    • Status: Pending
    • Updated: 58 min ago
    • ID#: 1341847
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.65
    Acres
    1981
    Built
    Neighborhood:
    South Kelso
    County:
    Cowlitz
    Area:
    South Kelso
    Property Description
    92 unit mini storage facility in Kelso minutes away from I-5 corridor. Great income producing investment opportunity with minimal landlord responsibility and a well organized business operation. Property has 20 grade level/garage like storage doors, 12 heated units, 5 separate storage building structures, office, onsite property manager, metal siding/roofing. Cash cow investment with current net operating income over 9.8% with rent upside potential to achieve over 11.7%. Exceptional opportunity.
    Exterior Features

    Building Condition Average Exterior Metal/Vinyl Foundation Post & Pillar Loading Grade Lot Depth 160 Lot Dimensions 176 X 160 Lot Topography And Vegetation Level Roof MetalSee Remarks Site Frontage 176 Style 61 - Comm Bldg Ovr 10K Total Covered Parking Spaces 0 Total Uncovered Parking Spaces 0 Waterfront Footage 0

    Interior Features

    Building Sq Ft 10860 Floor Covering Concrete Heating And Cooling Baseboard Office Sq Ft 0 Total Sq Ft Rented 10860

    Property Features

    Assessed Value Improvements 443150 Assessed Value Land 110790 Assessed Value Total 553940 Assessed Value Year 2018 Available Pads 0 Bank Owned No Boundary Survey 9.10 Cap Rate N Commercial Features Signage Included Electrical Expenses 2870 Energy Source Electric Environment Survey N EPSEnergy 0 Expansion Area N Form17 Provided Free And Clear N General Zoning Classification Commercial Gross Adjusted Income 86075 Gross Rent Multiplier 7 Gross Scheduled Income 94080 Heating Expenses 0 Hers Index 0 Home Owner Dues 0 Insurance Expenses 2847 Net Operating Income 63832 Other Expenses 5889 Pad Ready N Possession Closing Power Company Cowlitz Pud Power Service Amps 0 Right Of First Refusal No Sewer Sewer Connected Sewer Company City Of Kelso Tax Amount 8637 Tax Year 2017 Terms Cash OutConventionalOwner Financing Third Party Approval Required None Total Expenses EXP 22243 Total Expenses TEX 22243 Total Monthly Rent 7213 Vacancy Rate 8 Water Company City Of Kelso Water Sewer Garbage 2000 Water Source Public Zoning Jurisdiction City

    Listing information © 2019 Northwest Multiple Listing Service. Information is based on data available to the associate, including county records. The information contained in this listing has not been verified by Kimberly Gartland Group - Keller Williams Realty and should be verified by the buyer.
    The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Kimberly Gartland Group - Keller Williams Realty are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2019-01-17T15:16:36.28.

     
    Kimberly Gartland Group - Keller Williams Realty
    5263 Olympic Drive NW, Suite B
    Gig Harbor WA, 98335
    Listing Courtesy of Matt Peters Real Estate.