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.
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
Est.:
Multi Family
Built in 1986
-- sqft lot
$-- Zestimate®
$279/sqft
$-- HOA
What's special
Vaulted ceilings
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