95 Quinn Avenue, Marysville WA

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.