Provided by NWMLS, Listed by Northmarq Commercial, LLC

Active

6511 Armar Road

Marysville WA, 98270

$3,100,000


Active

Multi-family

Built in 1968

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.

2316705

MLS ID

December 13, 2024

Listed

December 17, 2024

Updated

Map

6511 Armar Road
Marysville WA, 98270

Interior Features

Total Stories

2


Floor Description

Vinyl Plank


Fireplace

No


Cooling

No


Cooling Description

None


Heating

Yes


Heating Description

Baseboard, Wall Unit(s)

Exterior/Building Features

Lot Size

0.68 Acres


Exterior Features

Brick, Wood


Lot Features

Paved


Roof

Composition


Sewer

Available

School Information

School District

Marysville


High School

Marysville Getchell High


Elementary School

Liberty Elem

Other Property Details

Area Name

770 - Northwest Snohomish


Taxes

$22,188


Tax Frequency

Annually


Garage

No


Parking Total

19


View

No


County

Snohomish


Pool

No

The IDX display presents information sourced from the Northwest Multiple Listing Service as of 12/23/2024. The data is intended for personal, non-commercial use and should not be used for any other purpose except to identify potential properties for purchase. While the MLS data displayed is generally deemed reliable, it is NOT guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. The property locations displayed on any map are merely best approximations and exact locations should be independently verified. Based on information submitted to the MLS GRID as of 12/23/2024 at 3:00 AM UTC . 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.

©2024 Northwest Multiple Listing Service all rights reserved.

Data last updated on 12/23/2024 at 3:00 AM UTC 

Powered byLuxury Presence