Marysville Multifamily Investment
For Sale
$4,350,000
Pending
7111 47 Ave NE, Marysville, WA 98270
Fully occupied multifamily property with significant income potential in Marysville.
Property SizeContact for details
Days on Market684
Property Features for 7111 47 Ave NE
General Information
Standard status
Pending
Property subtype
Commercial
Building Details
Year Built
1967
Listing Agency:
JOHN L. SCOTT - MUKILTEO
Listed By:
JESI WILLIAMS
Source:
Corcoran
Added: Oct 25, 2024
Changed: Jul 6
Last Checked: Jul 23 at 8:47AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of JOHN L. SCOTT - MUKILTEO
Investment Insights
Based on property information with market context.
The property is a multifamily investment opportunity located in Marysville, WA. Financial data from 2023 is not indicative of the property's current situation due to market changes following the end of the eviction moratorium. Nonpayment issues have been addressed, and the property is now fully occupied. The property started utilizing utility buy backs mid-year to add extra income. Most of the units are currently under market rent, presenting income potential if adjusted to market rates.
Key Highlights
- Property is currently fully occupied.
- Nonpayment issues have been successfully addressed.
- Opportunity to increase income by adjusting units to market rent.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,246
Businesses Nearby
Explore this area
Business Placement
Demographics for 98270, WA
51,969
Population
19,840
Households
2.6
Avg Household Size
37
Median Age
23%
College-Educated
93%
High-School Grad
14.3 sq mi
ZIP Area
3,634
Density / Sq Mi
$102,258
Median Household Income
$50,619
Median Earnings
$1,845
Median Rent
$540,000
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Apartment building - Fully occupied multifamily property with significant income potential in Marysville.
Where is this apartment building located?
The property is located at 7111 47 Ave NE Marysville, WA.
What is the asking price?
The asking price for this property is $4,350,000.
What are key features of this property?
This property features: Property is currently fully occupied.; Nonpayment issues have been successfully addressed.; Opportunity to increase income by adjusting units to market rent.
