Marketing Description:

We are pleased to present The Armar in Marysville, WA. This 1968 vintage asset features 11 large, partially renovated townhome units averaging 1134 SF. There are 10, 2-bedroom 1.5-bathroom units and 1, 2-bedroom 1-bathroom unit. Unit interiors feature value add potential with laminated vinyl plank flooring, new lighting fixtures, and refaced cabinets. There is potential to increase the in-place NOI by capturing a 13% delta between current and market rents. Residents of The Armar are able to enjoy the calm suburban location while being within 1 mile of Marysville’s downtown and a short 4 mile commute away from Everett. The property also provides easy access to many outdoor activities in the Cascade Mountain Range to the east and the Puget Sound to the west. The Armar provides an excellen