This property is Off-Market

1126 Grove Street
Marysville, WA 98270 ·

7 Units · Multifamily For Sale

N/A

Print

Marysville Multifamily 7 Unit Apartment 7% Cash...

Price N/A Cap Rate 6.37%
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

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.



var _gaq = _gaq || [];
_gaq.push(['_setAccount', 'UA-32552676-1']);
_gaq.push(['_trackPageview']);

(function() {
var ga = document.createElement('script'); ga.type = 'text/javascript'; ga.async = true;
ga.src = ('https:' == document.location.protocol ? 'https://ssl' : 'http://www') + '.google-analytics.com/ga.js';
var s = document.getElementsByTagName('script')[0]; s.parentNode.insertBefore(ga, s);
})();

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.

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

Research

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

Property Record Data - Historical Listings, current tax, mortgage, owners & tenant info for this property

Marysville Market Trends - Asking price index trends, sale price trends, asking rent trends

Demographics - Review demographics in this neighborhood

The LoopNet service and information provided therein, while believed to be accurate, are provided "as is". LoopNet disclaims any and all representations, warranties, or guarantees of any kind.

I am a place holder, please don't judge me!!! (no, I judge you!)