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Listed by Northmarq Commercial, LLC
$3,100,000
Est. payment /mo
22 Beds
16 Baths
0.68 Acres Lot
UPDATED:
12/18/2024 02:13 AM
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Subdivision Marysville
MLS Listing ID 2316705
Style 56 - 10+ Units
Bedrooms 22
Year Built 1968
Annual Tax Amount $22,188
Lot Size 0.680 Acres
Property Description
We are pleased to present The Armar in Marysville, WA. This 1968 vintage asset features 11 large, partially renovated townhome units averaging 1134 SF. There are 10, 2-bedroom 1.5-bathroom units and 1, 2-bedroom 1-bathroom unit. Unit interiors feature value add potential with laminated vinyl plank flooring, new lighting fixtures, and refaced cabinets. There is potential to increase the in-place NOI by capturing a 13% delta between current and market rents. The Armar provides an excellent opportunity for an investor to acquire a stabilized asset with large units in a landlord friendly submarket.
Location
State WA
County Snohomish
Area 770 - Northwest Snohomish
Interior
Flooring Vinyl Plank
Fireplace false
Exterior
Exterior Feature Brick, Wood
Amenities Available Patio
View Y/N No
Roof Type Composition
Building
Lot Description Paved
Sewer Available
New Construction No
Schools
Elementary Schools Liberty Elem
Middle Schools Marysville Mid
High Schools Marysville Getchell High
School District Marysville
Others
Senior Community No
Acceptable Financing Cash Out, Conventional
Listing Terms Cash Out, Conventional
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