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  • Listed by: 

    Gabe Blake,

    Blake Investment Advisors,

    Joshua Blake,

    Blake Investment Advisors

    Bought with: Champions Real Estate
    $1,330,000

    95 Quinn Avenue, Marysville, WA 98270

    --beds
    --baths
    --sqft
    Quadruplex
    Built in 1979
    -- sqft lot
    $1,313,300 Zestimate®
    $--/sqft
    $2,198 Estimated rent

    Owner options

    List your home for rent

    $2,198/mo

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    $2,198/mo

    Rent Zestimate®

    Refinance and save

    $7,889/mo

    Est. payment

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    $7,889/mo

    Est. payment

    What's special

    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.

    Zillow last checked: 8 hours ago

    Listing updated: September 05, 2024 at 05:48am

    Listed by:

    Gabe Blake,

    Blake Investment Advisors,

    Joshua Blake,

    Blake Investment Advisors

    Bought with:

    Lilly Zheng

    Champions Real Estate

    Source: NWMLS,MLS#: 2213608MLS Logo

    Facts & features

    Interior

    Heating
    • Baseboard
    Cooling
    • None
    Features
    • Has fireplace: No
    Interior area
    • Total structure area: 0

    Property

    Parking
    • Total spaces: 8
    • Parking features: Open
    • Uncovered spaces: 8
    Lot
    • Size: 10,454 sqft
    Details
    • Parcel number: 7750500010
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Quadruplex
    Materials
    • Wood Products
    • Roof: Composition
    Condition
    • Year built: 1979
    • Major remodel year: 1979

    Utilities & green energy

    • Sewer: Sewer Connected

    Community & neighborhood

    Location
    • Region: Marysville
    • Subdivision: Marysville

    Other

    Other facts
    • Listing terms: Cash Out,Conventional
    • Cumulative days on market: 600 days
    Sell for more on Zillow
    Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
    $1,313,300
    2% more+$26,266
    With Zillow Showcase(estimated)$1,339,566