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.
Sold
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
What's special
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#: 2213608
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