12815 123rd Street E Active Save Request In-Person Tour Request Virtual Tour
Puyallup,WA 98374
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 13,240 sqft
Price per Sqft $279
Subdivision South Hill
MLS Listing ID 2441947
Style 56 - 10+ Units
Bedrooms 19
Year Built 1986
Annual Tax Amount $36,922
Lot Size 1.410 Acres
Property Sub-Type Multi Family
Property Description
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.
Location
State WA
County Pierce
Area 86 - Puyallup
Interior
Flooring Vinyl Plank,Carpet
Fireplace false
Exterior
Exterior Feature Wood
Amenities Available Deck,Patio
View Y/N Yes
View Territorial
Roof Type Composition
Building
Lot Description Corner Lot,Dead End Street,Paved,Secluded,Sidewalk
Sewer Septic Tank
New Construction No
Schools
School District Puyallup
Others
Senior Community No
Acceptable Financing Assumable,Cash Out,Conventional
Listing Terms Assumable,Cash Out,Conventional