1126 Grove Street
Marysville, WA 98270 ·
7 Units · Multifamily For Sale
Marysville Multifamily 7 Unit Apartment 7% Cash...
|No. Units||7||Gross Rent Multiplier||10.20|
|Building Size||6,506 SF||No. Stories||1|
|Property Type||Multifamily||Year Built||1963|
|Property Sub-type||Garden/Low-Rise||Lot Size||0.50 AC|
|Property Use Type||Investment||APN / Parcel ID||00585600101004, 005856001|
|Listing ID: 17663671||Date Created: 05/16/2012||Last Updated: 09/23/2012|
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.
- 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
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