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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 FEATURES
PROPERTY DETAILS
Street Address: 6511 Armar Road
City: Marysville
State: Washington
Postal Code: 98270
County: Snohomish
MLS Number: 2316705
Courtesy of Northmarq Commercial, LLC
City: Marysville
State: Washington
Postal Code: 98270
County: Snohomish
MLS Number: 2316705
Courtesy of Northmarq Commercial, LLC
Courtesy of Northmarq Commercial, LLC
