Mililani, HI · Member since 2017 · 2 posts · 0 votes
Hello BP,
Looking to invest in a Duplex in Marysville, WA and wanted to come to the hivemind. One unit is a 3 bed, 2 bath w/ 2 car garage and the other is a 2 bed, 1 bath, w/ 1 car garage - rambler. Back yards on each unit. The seller is asking 650k for the property.
I'm an out of state investor and am unfamiliar with the area. Could you guys give me any insight to Marysville as an investment area and just your general take on the deal with the given information?
Realtor · Bellevue, WA · Member since 2019 · 882 posts · 1k+ votes
4y
@Dana Bjorn, Marysville is growing fast. It also have pretty good school districts, which will keep the demand pretty high for families, and as a result, help maintain decent appreciation.
Investor · Shelton, WA · Member since 2017 · 6k+ posts · 6k+ votes
4y
@Dana Bjorn With a name like Bjorn I was not about to let this go unanswered. Marysville is a very good area to invest and the population is growing. Flights now come into Seattle north and south of the city. I have duplexes south of Seattle in Tumwater and other properties west of Olympia. A problem might be how much property values have risen in the past few years and whether or not you will get a lot of cashflow. Long term I do not think you can go wrong. All the best!
Investor · CO · Member since 2016 · 757 posts · 1k+ votes
4y
@Dana Bjorn I'm a fan of Marysville and the Seattle North end in general. Both have been growing in equity and rent YOY. The tenant/landlord regulations are friendlier then Seattle proper and King County.
Realtor · Bellevue, WA · Member since 2019 · 882 posts · 1k+ votes
4y
@Dana Bjorn, Marysville is growing fast. It also have pretty good school districts, which will keep the demand pretty high for families, and as a result, help maintain decent appreciation.