Marysville, WA 98270,6511 Armar RD
Marysville, WA 98270,6511 Armar RD
Marysville, WA 98270,6511 Armar RD
Marysville, WA 98270,6511 Armar RD
Marysville, WA 98270,6511 Armar RD
Marysville, WA 98270,6511 Armar RD
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Listed by Westlake Associates, Inc.
Bought with ZNonMember-Office-MLS

$2,635,000

$2,400,000

9.8%
Est.Price: ?

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Est. payment /mo

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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Tommy Mutchler, Realtor

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Northwest MLS (NWMLS)

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agent
Tommy Mutchler, Realtor

Managing Broker | License ID: 28006

+1(360) 312-4992

Bellingham, WA, United States

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