WA > Puyallup > South Hill
Puyallup, WA 98374,12815 123rd Street E
Puyallup, WA 98374,12815 123rd Street E
Puyallup, WA 98374,12815 123rd Street E
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Listed by Northmarq Multifamily, LLC
$3,700,000
Est. payment /mo
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19 Beds
18 Baths
13,240 SqFt
New

12815 123rd Street E Puyallup, WA 98374

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Dawn Catlow

Dawn Catlow

ΓEA⅃ Broker LLC

+1(206) 701-9170

UPDATED:

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

Northwest MLS (NWMLS)
"Three Trees" icon indicates a listing provided courtesy of NWMLS.
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12815 123rd Street E

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Dawn Catlow

Dawn Catlow

Agent | License ID: 21001897

+1(206) 701-9170

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