6511 Armar Road Marysville WA 98270 MLS #NWM2316705

Listing Provided Courtesy of Northmarq Commercial, LLC
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

Net Operating Income
$188,009
Tax Year
2024
Taxes
$22,188

Map

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6511 Armar Road
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