6511 Armar Road
Marysville, WA 98270
0.68 acres | #2316705
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.
Property Details
- High SchoolMarysville Getchell High
- Date ListedDecember 13, 2024
- Style56 - 10+ Units
- Middle SchoolMarysville Mid
- Exterior MaterialsBrick, Wood
- Property TypeMulti-Family
- Elementary SchoolLiberty Elem
- Property SubtypeMulti-Family
- Structure TypeMulti Family
- SubdivisionMarysville
- School DistrictMarysville
- Original List Price$3,100,000
- Sewer InformationAvailable
- CountySnohomish
- Taxes Annual$22,188
- MLS #2316705
- Cost3100000
- MLS #2316705
- Lot DescriptionPaved
- Exterior FeaturesPatio
- Acres0.68
- Year Built1968
- Stories2
- Days on Market (Cumulative)6
Legal
The information contained in this listing has not been verified by Northwest Multiple Listing Service (NWMLS) - WA and should be verified by the buyer.
Based on information submitted to the MLS GRID as of 2024-12-17 18:13:10. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
The database information herein is provided from and copyrighted by the Northwest Multiple Listing Service (NWMLS). NWMLS data may not be reproduced or redistributed and is only for people viewing this site. Listings that feature the "three tree" icon are provided courtesy of NWMLS. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. All rights are reserved by copyright.
Copyright 2024 Northwest Multiple Listing Service. All rights reserved.
Last Updated: . Source: NWMLS
Listing Courtesy
Listing Agent: Brendan Greenheck (#NWM147280)
Listing Office: Northmarq Commercial, LLC (#NWM10040)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
