12815 123rd Street EPuyallup, WA98374
Listing courtesy of Brendan Greenheck of Northmarq Multifamily, LLC
Due to the health concerns created by Coronavirus we are offering personal 1-1 online video walkthough tours where possible.
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.
| 2 weeks ago | Listing updated with changes from the MLS® | |
| 2 weeks ago | Listing first seen on site |
Listing courtesy of Brendan Greenheck of Northmarq Multifamily, LLC
Listing information is provided by Participants of the Northwest MLS. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2025, Northwest MLS.
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Last checked: 2025-10-18 02:46 PM PDT
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