101 Spencer Creek Rd - Multi-Family FOR SALE


Kalama, WA 98625
$699,900 USD
360-556-5101
101 Spencer Creek Rd, Kalama, WA for Sale
$699,900 USD
Multi-Family - FOR SALE
1/9
null | 6.96% Cap Rate

101 Spencer Creek Rd
Kalama, WA 98625


OVERVIEW

Unique Kalama four plex opportunity now available. This fourplex, located in the beautiful hills of Kalama, is approx. 4,500 SF and sits on a large corner lot with approx. 23,522 SF. Features four 3 Bedroom/1 Bathroom units, patios on bottom units, decks for the upper units, and a four-car carport. Shared laundry room and hook-up in one of the units for added convenience. With stable, long-term tenants already in place, this property generates consistent income and presents strong upside potential through continued value-add improvements and rent adjustments to match current market rates. Currently offered at a 7% CAP Rate and served by Kalama water and septic, this is a solid opportunity for investors looking to grow their portfolio or secure a dependable income-producing asset. Interior tours upon mutual acceptance. Call today for more information.

FOR SALE DETAILS

PRICE

$699,900 USD

PRICE/SF

$156 USD /SF

# OF UNITS

4

PRICE/UNIT

$174,975

CAP RATE

6.96%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1966

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.54 AC

LAND SF

23,522 SF

ZONING

-

APN/PARCEL ID

62788

ASK ABOUT THIS PROPERTY

Chris RoeweWoodford Commercial Real EstateMore Info
360-556-5101

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Chris RoeweWoodford Commercial Real EstateMore Info
360-556-5101

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.