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About the Listing 10342 - 147280,54887
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 Highlights for 12815 123rd St E
Status
Active
Days on Site
4
Property Type
Multi-Family
MLS ®
2441947
Year Built
1986
Total Square Footage
13,240
Lot/Acreage
1.41
Interior Details
- Bedrooms: 19
- Bathrooms: 18 Full
- Appliances:
- Air Cond:
- Heating:
- Fireplaces: 0
- Floor: Vinyl Plank,Carpet
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water:
Exterior Details
- Lot Description: Corner Lot,Dead End Street,Paved,Secluded,Sidewalk,Deck,Patio,Zoning: Multi-Family
- Garage Capacity: N/A
- Parking Spaces: 28
- Zoning: Multi-Family
- Roof: Composition
- Others: Wood,Good
- Sewer: Septic Tank
Financial Details
- Tax Amount: $36,922
- Taxes w/Assessments: N/A
- Tax/Property ID: 0419118011
- Tax Year: 2025
Payment Calculator
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Listing Location
Questions About..
12815 123rd St E Puyallup, WA 98374
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