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Marysville Multifamily 7 Unit Apartment 7% Cash...

1126 Grove Street, Marysville, WA 98270

N/A

7 Units | Multifamily

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Multifamily Property - Off Market

Price:
N/A
No. Units:
7
Building Size:
6,506 SF
Property Type:
Multifamily
Property Sub-type:
Garden/Low-Rise
Property Use Type:
Investment
Cap Rate:
6.37%
Gross Rent Multiplier:
10.20
No. Stories:
1
Year Built:
1963
Lot Size:
0.50 AC
APN / Parcel ID:
00585600101004, 005856001
Listing ID
17663671
Last Updated
over 1 year ago

Highlights

  • Positive Cash Flow!! 7% Cash on Cash!
  • Each unit has washer/dryer hook up, carport, patio
  • 2 parcels on half acre of land
  • Owner may carry contract for qualified buyer
  • Owners current loan is assumable
  • I-5 Access very close. Safeway 3 blocks away

Description

7 Units (3 one-bedroom, 4 two-bedroom) spread over 2 parcels on large half acre lot. All units have washer/dryer hook up, carport, and front/back patio/yard. Large grass lawn behind building. Both parcels zoned General Commercial with Mixed Use overlay. Perfect for future commercial development. This building has a strong occupancy usually with a waiting list. Most of the units have been fully renovated.



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Located conveniently just north of downtown Marysville, the tenants enjoy close proximity to Marysville Towne Center Mall (Safeway, Retail, Restaurants - 3 blocks to the east). Access to I-5 is 90 second drive. Wal-Mart & Home Depot 1 exit to the north. Marysville Special Care Facility currently being built 1 block away which is a 15,000 SF nursing care facility. It also located within 1 block of the "Marysville at Cedar and Grove Park and Ride" which offers bus services to University District and Downtown Seattle as well as other transit centers along the route.

Map of 1126 Grove Street, Marysville, WA 98270 (Snohomish County)

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