Active
  • Listed by: 

    Brendan Greenheck,

    Northmarq Multifamily, LLC,

    Steven Fischer,

    Northmarq Multifamily, LLC

    $3,700,000

    12815 123rd Street E, Puyallup, WA 98374

    19beds
    18baths
    13,240sqft
    : 
    Multi Family
    Built in 1986
    -- sqft lot
    $-- Zestimate®
    $279/sqft
    $-- HOA

    What's special

    Vaulted ceilings
    We are pleased to present the Sherwood Apartments, an 18-unit multifamily community and a stabilized asset that is 100%occupied with zero delinquency. Built in 1986, this building features 17, 720SF 1BD units and 1, 1,000SF 2BD unit with vaulted ceilings in the top floor units. There is 1 carport per unit and a full size W/D in each. The property is nestled in a quiet residential neighborhood, backed up to a green belt, just 2.5 miles from South Hill Mall. The investment opportunity is offered at $206,000/unit, $279/SF, and delivers a 6.02% Cap Rate. There is value add potential, with room to increase current rents and capitalize on an additional 7.08% of revenue.
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