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Alpine Apartments

The Alpine Apartments is a prime value-add deal in suburban Marysville. This product is in high demand as renters are fleeing from core markets. After years under current ownership, the property will be a great value-add play for an investor looking for force appreciation. Marysville is an extremely supply constrained market with limited inventory. The asset has very uniquely styled units that will differentiate itself from other inventory on the market. With vaulted ceilings, this property will feel more like living in a home, than a flat.

Address

4900 74th Pl NE
Marysville, WA 98270

Type

Multi-Family

Status

Sold

Price

$ 1,085,000

Cap Rate

3.67%

# of Units

6

Price per Unit

$ 180,833

Available SF

5,850 SF

Price Per SF

$ 185

Land Area

19,602 SF

Year Built

1964

Broker contact information