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