Bought with ZNonMember-Office-MLS
$2,635,000
$2,400,000
9.8%For more information regarding the value of a property, please contact us for a free consultation.
10,670 SqFt
SOLD DATE : 11/19/2021
Key Details
Sold Price $2,635,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 10,670 sqft
Price per Sqft $246
Subdivision Marysville
MLS Listing ID 1854292
Style 56 - 10+ Units
Year Built 1968
Annual Tax Amount $17,852
Lot Size 0.680 Acres
Property Description
The Armar Townhomes is a well-maintained asset in a quiet, residential neighborhood in Marysville, Washington. Having been meticulously maintained by the current ownership, there is very little capital expenditure needed. Most units are townhome style, with massive and efficient floor plans. Income can be pushed through both management and a value-add strategy to reposition units. In addition to the physical asset, Marysville has seen rapid appreciation. Rents in this market have risen 8% in 2021 alone. This puts this offering in a very opportunistic place, where you can now achieve premium rents when renovating to high-end finishes.
Location
State WA
County Snohomish
Area 770 - Northwest Snohomish
Interior
Flooring Laminate, Vinyl Plank, Carpet
Exterior
Exterior Feature Wood
Utilities Available Sewer Connected, Electric
View Y/N No
Roof Type Composition
Building
Lot Description Paved, Sidewalk
Sewer Sewer Connected
New Construction No
Schools
School District Marysville
Others
Acceptable Financing Cash Out
Listing Terms Cash Out
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