Bought with Kelly Right RE of Seattle LLC
$2,636,500
$2,950,000
10.6%For more information regarding the value of a property, please contact us for a free consultation.
22 Beds
16 Baths
0.68 Acres Lot
SOLD DATE : 06/03/2025
Key Details
Sold Price $2,636,500
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Subdivision Marysville
MLS Listing ID 2316705
Sold Date 06/03/25
Style 56 - 10+ Units
Bedrooms 22
Year Built 1968
Annual Tax Amount $22,188
Lot Size 0.680 Acres
Property Sub-Type Multi Family
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
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
"Three Trees" icon indicates a listing provided courtesy of NWMLS.
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "