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Cassidy Thomas

cassidy@1realty.com +1(360) 739-4784

Listed by:Realty One Group Enterprise • Kevin Zellmer

$1,879,000

Est. payment - /mo

12 Beds

6 Baths

6,084 SqFt

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 6,084 sqft

Price per Sqft $308

Subdivision Smokey Point

MLS Listing ID 2498475

Style 55 - 5-9 Units

Bedrooms 12

Year Built 1969

Annual Tax Amount $11,400

Lot Size 0.520 Acres

Property Sub-Type Multi Family

Property Description

SELLER FINANCING AVAILBLE! NEW RENOVATIONS and at Market Rate Rents after 2 units kitchen remodels & interiors, see photos! Current revenues posted & expenses are current Sept 2026. Annual Income $140,820, Expenses: 25,000/year, NOI: $115,820, Cap Rate: 6.1%. Market rate $2300 and 2 units have all new kitchens cabinets, granite countertops, under cabinet and counter lighting & appliances, flooring, bathroom updates. Proforma Income $165k CAP at 7.85%! Strong tenants & income in place, still room to increase rents 4 units of $400 each! Great opportunity to own this renovated 6-unit multi-family investment in Marysville/Arlington that offers 6,084 SF on 22,651 SF of land partially fenced with private patios for each unit with 15 parking spaces. Tenants pay their own Electricity, Trash & Recycle. All units are 2 bedrooms & 1 Bathroom 1,014 SQFT each. Recent renovations include electrical, plumbing, venting, insulation, gutters, downspouts, landscaping, exterior & interior have updated paint, flooring, carpet upgrades of Appliances in units, Hot Water tanks & items from prior year as well from Seller. Newer fencing & privacy of backyard w/ lots space for tenants. Located in a growing Arlington area with strong rental demand and Businesses. The new 2.8 million SF Amazon Fulfillment Center, Coca Cola Plant, Airport, just minutes away. Smokey Point Community Park is walking distance across the street. Huge retail Mall Plaza, Target, Costco, Retail and Restaurants just minutes away!

Location

State WA

County Snohomish

Area 770 - Northwest Snohomish

Interior

Flooring Ceramic Tile, Laminate, Vinyl Plank, Carpet

Fireplace false

Exterior

Exterior Feature Brick, Cement/Concrete, Wood, Wood Products

Amenities Available Cable TV, Fenced-Partially, Patio

View Y/N No

Roof Type Composition

Building

Lot Description Corner Lot, Cul-De-Sac, Curbs, Dead End Street, Open Space, Paved, Sidewalk

Sewer Sewer Connected

Water Public

New Construction No

Schools

School District Lakewood

Others

Senior Community No

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

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Cassidy Thomas

+1(360) 739-4784

Agent License ID: 132279

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17820 Smokey Point BLVD Arlington, WA 98223

Cassidy Thomas

Key Details

Location

Interior

Exterior

Building

Schools

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