6511 Armar Road

Marysville, WA 98270

$3,100,000
Price
22
Beds
16
Baths
—Sq. Ft.
— / Sq. Ft.
—
Sq. Ft.
—
per Sq. Ft.
Listing provided courtesy of Northmarq Commercial, LLC

Description

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...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.
  1. Listed by Brendan Greenheck • Northmarq Commercial, LLC

Property Details for 6511 Armar Road

Community Name
Marysville
School District
Marysville
Number of Assigned Spaces
19
Total Covered Parking
0
Entry Date
12-13-2024
Energy Source
Geothermal
Sewer
Available
LISTING UPDATED: 12/17/2024 10:13 AM

Property Details for 6511 Armar Road

StatusActive
MLS #2316705
Days on Market4
Cumulative Days on Market4
Taxes$22,188 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1968
Lot Size0.68 AC / 29,621 SF
CountySnohomish County

Building Information for 6511 Armar Road

Stories2Residences11Year Built1968Building Size-Lot Size0.68 AC / 29,621 SF

Property Information for 6511 Armar Road

Summary
Location and General Information
  • Style: 56 - 10+ Units
  • Site Features: Patio
  • Area: 770 - Northwest Snohomish
  • Elementary School: Liberty Elem
  • Middle Or Junior School: Marysville Mid
  • High School: Marysville Getchell High
  • Effective Year Built Source: Public Records
  • 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
  • Leased Items: None
  • Property Sub Type: MULT
  • View: No
  • Waterfront: No
Taxes and HOA Information
  • Tax Year: 2024
Parking
  • Number of Carport Spaces: 12.0
  • Carport: No
  • Open Parking Spaces: 7.0
  • Open Parking: Yes
Interior and Exterior Features
Bathroom Information
  • Full Baths Upper: 0
  • Three Quarter Baths Upper: 0
  • Half Baths Upper: 0
  • Main Level Bathrooms: 0
Bedroom Information
  • Bedrooms Upper: 0
  • Bedrooms Possible: 0
Interior Features
  • Fireplaces Total: 0
  • Floor Covering: Vinyl Plank
  • Cooling: No
  • Cooling: None
  • Fireplace: No
  • Heating: Yes
  • Heating: Baseboard, Wall Unit(s)
Exterior Features
  • Exterior: Brick, Wood
  • Roof: Composition
Property
Utilities
  • Water/Sewer/Garbage: 15360
  • Power Production Type: Geothermal
Property and Assessments
  • New Construction YN: No
  • Zoning Class: Multi-Family
  • First Right Of Refusal: false
  • Possible Use: Multi-Family
  • Preliminary Title Ordered: Yes
  • Senior Community: No
  • Special Listing Conditions: None
  • Year Built Effective: 1968
  • Photos Count: 25
Lot Information
  • Lot Details: Paved
  • Lot Size Source: County
  • Parcel Number Free Text: 30052800402100
  • Calculated Square Footage: 0
  • Structure Type: Multi Family
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
  • Building Area Total: 0.0
  • Building Area Units: Square Feet
  • Property Type: Residential Income
  • Elevation Units: Feet
  • Irrigation Water Rights: No
Multi Family
Building Details
  • Number of Uncovered Spaces: 7
  • Number of Stories in Building: 2
  • Vacancy Rate: 5
  • Number Of Units Total: 11
  • Units Below Grade: false
Financing / Income and Expenses
  • Electric Expense: $0
  • Total Expenses: 79675
  • Gross Adjusted Income: 236664
  • Gross Rent Multiplier: 12.44
  • Gross Scheduled Income: $249,120
  • Insurance Expense: $7,418
  • Net Operating Income: $188,009
  • Other Expenses: $34,709
  • Total Monthly Income: 267684
  • Fuel Expense: $0
Unit 1
  • Name Unit 1: 1
  • Washer/Dryer Unit 1: false
  • Range/Oven Unit 1: true
  • Refrigerator Unit 1: true
  • Dishwasher Unit 1: false
  • Square Feet Unit 1: 1150
  • Rent Unit 1: $2,000.00
  • Bedrooms Unit 1: 2
  • Fireplaces Unit 1: 0
  • Bathrooms Unit 1: 2
Unit 2
  • Name Unit 2: 2
  • Washer/Dryer Unit 2: false
  • Range/Oven Unit 2: true
  • Refrigerator Unit 2: true
  • Dishwasher Unit 2: false
  • Square Feet Unit 2: 1150
  • Rent Unit 2: $1,895.00
  • Bedrooms Unit 2: 2
  • Fireplaces Unit 2: 0
  • Bathrooms Unit 2: 2
Unit 3
  • Name Unit 3: 3
  • Washer/Dryer Unit 3: false
  • Range/Oven Unit 3: true
  • Refrigerator Unit 3: true
  • Dishwasher Unit 3: false
  • Square Feet Unit 3: 1150
  • Rent Unit 3: $1,795.00
  • Bedrooms Unit 3: 2
  • Fireplaces Unit 3: 0
  • Bathrooms Unit 3: 2
Unit 4
  • Name Unit 4: 4
  • Washer/Dryer Unit 4: false
  • Range/Oven Unit 4: true
  • Refrigerator Unit 4: true
  • Dishwasher Unit 4: false
  • Square Feet Unit 4: 1150
  • Rent Unit 4: $1,895.00
  • Bedrooms Unit 4: 2
  • Fireplaces Unit 4: 0
  • Bathrooms Unit 4: 2
Unit 5
  • Name Unit 5: 5
  • Washer/Dryer Unit 5: false
  • Range/Oven Unit 5: true
  • Refrigerator Unit 5: true
  • Dishwasher Unit 5: false
  • Square Feet Unit 5: 1150
  • Rent Unit 5: $1,795.00
  • Bedrooms Unit 5: 2
  • Fireplaces Unit 5: 0
  • Bathrooms Unit 5: 2
Unit 6
  • Name Unit 6: 6
  • Washer/Dryer Unit 6: false
  • Range/Oven Unit 6: true
  • Refrigerator Unit 6: true
  • Dishwasher Unit 6: false
  • Square Feet Unit 6: 1150
  • Rent Unit 6: $1,895.00
  • Bedrooms Unit 6: 2
  • Fireplaces Unit 6: 0
  • Bathrooms Unit 6: 2
Unit 7
  • Name Unit 7: 7
  • Washer/Dryer Unit 7: false
  • Range/Oven Unit 7: true
  • Refrigerator Unit 7: true
  • Dishwasher Unit 7: false
  • Square Feet Unit 7: 1150
  • Rent Unit 7: $1,895.00
  • Bedrooms Unit 7: 2
  • Fireplaces Unit 7: 0
  • Bathrooms Unit 7: 2
Unit 8
  • Name Unit 8: 8
  • Washer/Dryer Unit 8: false
  • Range/Oven Unit 8: true
  • Refrigerator Unit 8: true
  • Dishwasher Unit 8: false
  • Square Feet Unit 8: 1150
  • Rent Unit 8: $1,795.00
  • Bedrooms Unit 8: 2
  • Fireplaces Unit 8: 0
  • Bathrooms Unit 8: 2
Unit 9
  • Name Unit 9: 9
  • Washer/Dryer Unit 9: false
  • Range/Oven Unit 9: true
  • Refrigerator Unit 9: true
  • Dishwasher Unit 9: false
  • Square Feet Unit 9: 1150
  • Rent Unit 9: $1,900.00
  • Bedrooms Unit 9: 2
  • Fireplaces Unit 9: 0
  • Bathrooms Unit 9: 2
Unit 10
  • Name Unit 10: 10
  • Washer/Dryer Unit 10: false
  • Range/Oven Unit 10: true
  • Refrigerator Unit 10: true
  • Dishwasher Unit 10: false
  • Square Feet Unit 10: 1150
  • Rent Unit 10: $1,895.00
  • Bedrooms Unit 10: 2
  • Fireplaces Unit 10: 0
  • Bathrooms Unit 10: 2
Unit 11
  • Name Unit 11: 11
  • Washer/Dryer Unit 11: false
  • Range/Oven Unit 11: true
  • Refrigerator Unit 11: true
  • Dishwasher Unit 11: false
  • Square Feet Unit 11: 970
  • Rent Unit 11: $2,000.00
  • Bedrooms Unit 11: 2
  • Fireplaces Unit 11: 0
  • Bathrooms Unit 11: 1
Rental
Rent Information
  • Occupant Type: Tenant
  • Leasable Area: 12470.0
  • Leasable Area Units: Square Feet

Property History for 6511 Armar Road

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 6511 Armar Road

Taxable ValueLand$470,700Additions$1,996,900Total$2,467,600
Tax Record2023$14,732 ($1,228 / month)
Home Facts
Baths1Total Finished SqFt11,088 SqFtAbove Ground SqFt11,088 SqFtStories2Lot Size29,621 SqFtStyleMulti-Family Dwelling (2-4)Year Built1968ZoningMJCountySNOHOMISHAPN30052800402100

Schools near 6511 Armar Road

This home is within Marysville School District.
Rating
School
Type
Grades
Distance
Liberty Elementary School
Public - PK to 5
Marysville Middle School
Public - 6 to 8
Marysville NWESD 189 Youth Engagement
Public - 10 to 12
Totem Middle School
Public - 6 to 8
Rating
School
Distance
Liberty Elementary School
PublicPK to 5

Marysville Middle School
Public6 to 8

Marysville NWESD 189 Youth Engagement
Public10 to 12

Totem Middle School
Public6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 6511 Armar Road, Marysville, WA 98270

6511 Armar Road is a multi-family home for sale in Marysville, WA 98270. This property was listed for sale on December 13, 2024 by Northmarq Commercial, LLC, it's currently listed at $3,100,000. It has been on the market for a total of 4 days and was last sold on November 19, 2021. This listing's school district is Marysville School District. Nearby schools include Liberty Elementary School, Marysville Middle School and Marysville NWESD 189 Youth Engagement. 6511 Armar Road is a 22-bed, 16-bath, multi-family home built in 1968.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Northmarq Commercial, LLC

Listing provided courtesy of NWMLS, RMLS or Yakima MLS. The information contained in this listing has not been verified by Compass or the MLS and should be verified by the buyer. The DOM value represents the number of days this listing has been Active on this website.