Skip To Content

95 Quinn Avenue

Marysville, WA 98270
  • $1,350,000
  • STATUS: Pending
  • ID#: 2213608
Under Contract
$1,350,000
  • 0
    BEDS
  • 0.24
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1979
County:

School Ratings & Info

School District:
Northwest MLS logo Listing information ©2024 Northwest MLS. Listing courtesy of Blake Investment Advisors.
Mortgage Calculator is provided by BoomTown.

Description

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.

Monthly Payment Calculator



The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Costello Team | Windermere Real Estate are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. The three tree icon refers to an NWMLS listing. Data last updated 2024-04-19T15:42:19.173. The "Days on Site" data field is calculated by BoomTown and is the number of days since the listing was originally received in our system. It is not the equivalent of "Days on Market".
Based on information submitted to the MLS GRID as of 2024-04-19T15:42:19.173. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.costelloteam.com/homes/148800909
Print Image

95 Quinn Avenue Marysville, WA 98270

  • Price: $1,350,000
  • Status: Pending
  • On Site: Days
  • ID#: 2213608
0
Beds
0
Baths
0
½ Baths
0.24
Acres
1979
Built
Neighborhood:
Marysville
County:
Snohomish
Area:
770 - Northwest Snohomish
School District:
Marysville
Property Description
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.
Exterior Features

Carport Spaces 0 Carport YN No Covered Spaces 0 Exterior Features Wood Products Open Parking Spaces 8 Open Parking YN Yes Parking Total 8 Parking Uncovered Spaces 8 Roof Composition Structure Type Quadruplex Style Code 54 - 4-Plex View YN No Waterfront YN No

Interior Features

Building Area Total 0 Cooling None Cooling YN No Fireplace YN No Heating Baseboard Heating YN Yes Living Area 0 Square Footage Finished 0 Square Footage Unfinished 0

Property Features

Association Fee 0 Association YN No Common Interest Multi-Family Energy Source Electric Irrigation Water Rights YN No Listing Terms Cash OutConventional Net Operating Income 84167 New Construction YN No Possession Closing Power Production Type Electric Property Sub Type Multi-Family Senior Community YN No Sewer Sewer Connected Special Listing Conditions None Tax Annual Amount 9810 Tax Year 2022 Units In Building Total 4 Year Built Effective 1979



The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Costello Team | Windermere Real Estate are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. The three tree icon refers to an NWMLS listing. Data last updated 2024-04-19T15:42:19.173. The "Days on Site" data field is calculated by BoomTown and is the number of days since the listing was originally received in our system. It is not the equivalent of "Days on Market".
Based on information submitted to the MLS GRID as of 2024-04-19T15:42:19.173. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
https://bt-photos.global.ssl.fastly.net/nwmls/1280_boomver_1_2213608-1.jpg https://bt-photos.global.ssl.fastly.net/nwmls/1280_boomver_1_2213608-1.jpg https://bt-photos.global.ssl.fastly.net/nwmls/1280_boomver_1_2213608-1.jpg
Logo
Costello Team | Windermere Real Estate
100 116th Ave SE
Bellevue WA, 98004
Northwest MLS logo Listing information ©2024 Northwest MLS. Listing courtesy of Blake Investment Advisors.
Mortgage Calculator is provided by BoomTown.