1204 S 11th Ave, Kelso, WA 98626 Sold

👑 Great Sub-too Property with Cash Flow! 👑

Address: 1204 S 11th Ave, Kelso, WA 98626

Subject-too contract terms: 

Purchase price: $50,000

Loan balance: $132,806

Interest rate: 4.5%

Current monthly payment (PITI): $1,123.02

Seller responsible for December payment

Currently rented at $1300/month with a month to month lease

Cash flow AS IS $177 a month with no repairs & $250 pay down of loan every month

Features: 

3 bed | 1.5 bath | 1,254 sqft

Single story

Potential investment strategies:

1. Keep tenant in place
2. Vacate tenant after closing and rehab property for higher rental income
3. Vacate tenant, flip, and resell

Needs new roof, siding, flooring, and perimeter concrete repairs

Right of I-5

ARV: $325,000

Comps:
1. 1401 S 8th Avenue, Kelso, WA 98626 – sold for $333,500 on 8/30/24 – 4 bed, 1 bath, 1,112sqft
2. 1211 S 7th Ave, Kelso, WA 98626 – sold for $325,000 on 8/14/24 – 3 bed, 1 bath, 1,008sqft

Closing date: 12/13/24 – Cash and hard money only, 10,000 EM deposit upon mutual acceptance. Buyer to pay closing costs.

Please contact us via DM or call if you have any other questions (503) 404-4532.

Cash or hard money only, price is net to seller, buyer pays all closing costs, property sold in as-is condition, buyer is responsible for their own due diligence and verifying all facts and figures in regards to purchasing the property. Wholesale King does not allow for buyers to reassign or sell to a third party prior to close. Opinion of value and breakdown spreadsheet is given as a courtesy only as seller makes no guarantees or warranties, express or implied, as to the value, condition, remodel cost, and/or any costs or fees associated with selling or investing in this property. Members of selling entity are real estate licensee’s in the State of Oregon and Washington. Real Estate Licensee and/or associated brokerage are not acting in any role as real estate broker or as a brokerage of this transaction. No brokers are receiving compensation as part of this Agreement and are not representing any party.