6511 Armar Road Marysville WA 98270 MLS #NWM2316705

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.
Property Details
Price:
$3,100,000
MLS #:
NWM2316705
Status:
Active
Beds:
0
Baths:
0
Address:
6511 Armar Road
Type:
Multi Family
Subtype:
Multi-Family
Subdivision:
Marysville
Neighborhood:
770 – Northwest Snohomish
City:
Marysville
Listed Date:
Dec 13, 2024
State:
WA
ZIP:
98270
Lot Size:
29,621 sqft / 0.68 acres (approx)
Year Built:
1968
Units:
11
Schools
School District:
Marysville
Elementary School:
Liberty Elem
Middle School:
Marysville Mid
High School:
Marysville Getchell High
Interior
Cooling
None
Flooring
Vinyl Plank
Heating
Baseboard, Wall Unit(s)
Exterior
Exterior Features
Brick, Wood
Parking Spots
19
Roof
Composition
Financial
Tax Year
2024
Taxes
$22,188
Map
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6511 Armar Road
Marysville, WA
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