About 12815 123rd Street E
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.
Features of 12815 123rd Street E
| MLS® # | 2441947 |
|---|---|
| Price | $3,700,000 |
| Price Per SqFt | $279 |
| Bathrooms | 0.00 |
| Square Footage | 13,240 |
| Acres | 1.41 |
| Year Built | 1986 |
| Type | Income |
| Sub-Type | Multi-Family |
| Status | Active |
Community Information
| Address | 12815 123rd Street E |
|---|---|
| Area | 86 - Puyallup |
| Subdivision | South Hill |
| City | Puyallup |
| County | Pierce |
| State | WA |
| Zip Code | 98374 |
Amenities
| Parking Spaces | 28 |
|---|---|
| Is Waterfront | No |
Interior
| Fireplace | No |
|---|---|
| # of Stories | 2 |
Exterior
| Exterior Features | Wood |
|---|---|
| Lot Description | Corner Lot, Dead End Street, Paved, Secluded, Sidewalk |
School Information
| District | Puyallup |
|---|
Additional Information
| Days on Market | 22 |
|---|---|
| Cumulative Days on Market | 22 |
| Days on Website | 22 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Northmarq Multifamily, Llc |
|---|