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

$2,635,000

Est. payment /mo

$2,400,000

9.8%
Est.Price: ?

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6511 Armar RD Marysville, WA 98270

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

Sold Date 11/19/21

Style 56 - 10+ Units

Year Built 1968

Annual Tax Amount $17,852

Lot Size 0.680 Acres

Property Sub-Type Multi-Family

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

Interior Features Wall to Wall Carpet, Laminate

Flooring Laminate, Vinyl Plank, Carpet

Fireplace false

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

Senior Community No

Acceptable Financing Cash Out

Listing Terms Cash Out

Read Less

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Northwest MLS (NWMLS)
Julie Hodges

Julie Hodges

Designated Broker | Real Estate Advisor | License ID: 25283

+1(425) 220-0617

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