6511 Armar Road
Marysville, WA 98270
- – beds
- – baths
- – sqft
- ~3/4 acre lot
- 1968 build
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.
Last checked:
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Last updated Dec 17, 2024
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MLS# 2316705 —
The Building
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Year Built:1968
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Year Built:1968
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Year Built Source:Public Records
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New Construction:false
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Structure Type:Multi Family
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Exterior Features:Brick, Wood
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Roof:Composition
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# of Units Total:11
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Stories Total:2
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Building Area Units:Square Feet
Interior
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Flooring:Vinyl Plank
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Fireplace:false
Financial & Terms
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Possession:Closing
Location
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Latitude:48.054773
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Longitude:-122.165332
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Directions:Take Exit 199; Turn Right onto WA-528 E/Fourth St; Turn Left onto 47th NE/Liberty St; Slight Right onto Arlington-Marysville Rd/Armar Rd; Destination will be on the Right
The Property
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Property Type:Residential Income
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Property Subtype:Multi-Family
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Parcel Number:30052800402100
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Lot Features:Paved
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Lot Size Units:Square Feet
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Lot Size Acres:0.68
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Lot Size SqFt:29621
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Lot Size Source:County
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Zoning Class:Multi-Family
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View:false
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Waterfront:false
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Possible Use:Multi-Family
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Irrigation Water Rights:false
Listing Agent
- Contact info:
- Agent phone:
- (425) 530-8576
- Office phone:
- (425) 530-8576
Taxes
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Tax Year:2024
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Tax Annual Amount:22188
The Listing
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Special Listing Conditions:None
Heating & Cooling
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Cooling:false
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Heating:true
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Cooling:None
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Heating:Baseboard, Wall Unit(s)
Utilities
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Sewer:Available
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Water Sewer Garbage:15360
Schools
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Elementary School:Liberty Elem
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Middle Or Junior School:Marysville Mid
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High School:Marysville Getchell High
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High School District:Marysville
The Community
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Subdivision Name:Marysville
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Senior Community:false
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Association:false
Parking
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Parking Total:19
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Parking Uncovered Spaces:7
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Open Parking:true
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Open Parking Spaces:7
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Carport Spaces:12
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Carport:false
Listing courtesy of NWMLS / Northmarq Commercial, LLC
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
12/13/24
Dec 13, 2024
|
Listed / Active | NWMLS | $3,100,000 | 17.6% (5.8% / YR) |
|
11/19/21
Nov 19, 2021
|
NWMLS | $2,635,000 | 9.8% | |
|
10/29/21
Oct 29, 2021
|
NWMLS | $2,400,000 |
