12815 123rd Street E, Puyallup, WA 98374
Multi-Family Home 
Built in 1986 
1.41acre lot
—— car garage 
$——/sqft 
Listed 1 month ago
Property Description
This listing courtesy of Brendan Greenheck, Northmarq Multifamily, LLC
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.
- Listing Status:
- Active
- Listing Office:
- Northmarq Multifamily, LLC : 952-356-0100
- Listing Agent:
- Brendan Greenheck : 952-356-0100
- MLS ID:
- 2441947
- General: Wood
- Parking: Parking spaces: 28
- Roofing: Composition
- General: 56 - 10+ Units
- HOA Amenities: 0.0
- Originating MLS: nwmls
- School District: Puyallup
- County: Pierce
- Zoning: 0419118011
- View: TerritorialView
- Sewer: Septic Tank
- Source: nwmls
This listing courtesy of Brendan Greenheck, Northmarq Multifamily, LLC
Monthly Payment
- Principal & Interest $
- Property Taxes $
- Home Insurance $
- VA Funding Fee $
Location
Schools Nearby
Ridgecrest Elementary School
12616 Shaw Rd E, Puyallup, WA, 98374
Grades PK-6
0.25 miles away
Ferrucci Junior High School
3213 Wildwood Park Dr, Puyallup, WA, 98374
Grades 6-10
1.29 miles away
Ferrucci Junior High School
3213 Wildwood Park Dr, Puyallup, WA, 98374
Grades 6-10
1.29 miles away
