Bought with Windermere R.E. Northeast, Inc
$1,380,000
$1,350,000
2.2%For more information regarding the value of a property, please contact us for a free consultation.
6,054 SqFt
SOLD DATE : 05/14/2021
Key Details
Sold Price $1,380,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 6,054 sqft
Price per Sqft $227
Subdivision Marysville
MLS Listing ID 1735633
Style 55 - 5-9 Units
Year Built 1994
Annual Tax Amount $10,542
Lot Size 0.350 Acres
Property Description
6 unit apartment building built in 1994. 100% occupied with no rent delinquencies. All units offer a desirable townhome style floor plan with 2 bdrms x 1.5 baths, washers & dryers and an outdoor patio. Current cap rate is 5.2%. Value add opportunity with below-market rent providing a buyer an opportunity to increase income upon turnover. A new owner can also increase income by updating the original interiors and by capturing additional revenue sources such as utility bill-back and/or pet rent. Plenty of parking with 16 spaces. All tenants are month to month. Located minutes from I-5 and many nearby amenities.
Location
State WA
County Snohomish
Area 770 - Northwest Snohomish
Interior
Flooring Vinyl, Carpet
Exterior
Exterior Feature Wood
Utilities Available Sewer Connected, Electric
Amenities Available Fenced-Partially, Patio
View Y/N No
Roof Type Composition
Building
Lot Description Curbs, Paved, Sidewalk
Sewer Sewer Connected
Water Public
New Construction No
Schools
School District Marysville
Others
Acceptable Financing Cash Out, Conventional
Listing Terms Cash Out, Conventional
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