Marysville, WA 98270,95 Quinn AVE
Listed by Blake Investment Advisors
Bought with Champions Real Estate
$1,330,000
$1,350,000
1.5%
Est.Price: ?

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10,454 Sqft Lot

95 Quinn AVE Marysville, WA 98270

Est. payment /mo
SOLD DATE : 04/30/2024

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Key Details

Sold Price $1,330,000

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Subdivision Marysville

MLS Listing ID 2213608

Sold Date 04/30/24

Style 54 - 4-Plex

Year Built 1979

Annual Tax Amount $9,810

Lot Size 10,454 Sqft

Property Sub-Type Multi-Family

Property Description

This is a unique opportunity for an investor to acquire a townhome-style fourplex just steps away from Downtown Marysville with significant rental upside. Each unit consists of 3 bedrooms, 1.75-2 baths, 1,200 SF of living space, washers & dryers, vaulted ceilings, a fireplace, a fenced-backyard space, and ample parking. This modern amenity package contributes to the property's history of low vacancy. The current in-place rents are $1,705 per unit, with approx. $105/mo per unit being recaptured through utility bill-back. A new buyer can achieve a 28% rental increase on turnover with little to no major renovations by simply bringing current in-place rents to market rate, resulting in a 6.4% stabilized cap rate.

Location

State WA

County Snohomish

Area 770 - Northwest Snohomish

Interior

Fireplace false

Exterior

Exterior Feature Wood Products

View Y/N No

Roof Type Composition

Building

Sewer Sewer Connected

New Construction No

Schools

School District Marysville

Others

Senior Community No

Acceptable Financing Cash Out, Conventional

Listing Terms Cash Out, Conventional

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Northwest MLS (NWMLS)

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agent

Sievers Real Estate

+1(253) 851-0745

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