$3,700,000
12815 123rd Street E, Puyallup, WA 98374
13,240 Sq Ft
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12815 123rd Street E, Puyallup, WA 98374 12815 123rd Street E, Puyallup, WA 98374 12815 123rd Street E, Puyallup, WA 98374 12815 123rd Street E, Puyallup, WA 98374 12815 123rd Street E, Puyallup, WA 98374 12815 123rd Street E, Puyallup, WA 98374 12815 123rd Street E, Puyallup, WA 98374 12815 123rd Street E, Puyallup, WA 98374 12815 123rd Street E, Puyallup, WA 98374 12815 123rd Street E, Puyallup, WA 98374 12815 123rd Street E, Puyallup, WA 98374 12815 123rd Street E, Puyallup, WA 98374 12815 123rd Street E, Puyallup, WA 98374 12815 123rd Street E, Puyallup, WA 98374 12815 123rd Street E, Puyallup, WA 98374 12815 123rd Street E, Puyallup, WA 98374 12815 123rd Street E, Puyallup, WA 98374 12815 123rd Street E, Puyallup, WA 98374 12815 123rd Street E, Puyallup, WA 98374 12815 123rd Street E, Puyallup, WA 98374
12815 123rd Street E, Puyallup, WA 98374 12815 123rd Street E, Puyallup, WA 98374 12815 123rd Street E, Puyallup, WA 98374 12815 123rd Street E, Puyallup, WA 98374 12815 123rd Street E, Puyallup, WA 98374 12815 123rd Street E, Puyallup, WA 98374 12815 123rd Street E, Puyallup, WA 98374 12815 123rd Street E, Puyallup, WA 98374 12815 123rd Street E, Puyallup, WA 98374 12815 123rd Street E, Puyallup, WA 98374 12815 123rd Street E, Puyallup, WA 98374 12815 123rd Street E, Puyallup, WA 98374 12815 123rd Street E, Puyallup, WA 98374 12815 123rd Street E, Puyallup, WA 98374 12815 123rd Street E, Puyallup, WA 98374 12815 123rd Street E, Puyallup, WA 98374 12815 123rd Street E, Puyallup, WA 98374 12815 123rd Street E, Puyallup, WA 98374 12815 123rd Street E, Puyallup, WA 98374 12815 123rd Street E, Puyallup, WA 98374

MLS #2441947 / Listing provided by NWMLS .

$3,700,000

12815 123rd Street E
Puyallup, WA 98374

Active 23 hours ago
13,240
Sq Ft
$279
Per Sq Ft
1986
Year Built

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.

Disclaimer: The information contained in this listing has not been verified by Hawkins-Poe Real Estate Services and should be verified by the buyer.

Interior Features

Bedrooms

  • Upper Level Bedrooms: 0

Fireplaces

  • Total Fireplaces: 0

Heating & Cooling

  • Heating: Yes
  • Cooling: No
Exterior Features

Parking

  • Parking Total: 28
  • Uncovered Parking Spaces: 10
  • Open Parking Spaces: 10

Structure

  • Roof: Composition
  • Exterior Features: Wood

Lot Details

  • Lot Features: Corner Lot, Dead End Street, Paved, Secluded, Sidewalk
  • Acres: 1.41
Area Features

Schools

  • High School District: Puyallup

Lot Details

  • Lot Features: Corner Lot, Dead End Street, Paved, Secluded, Sidewalk
  • Acres: 1.41
Utilities

Power

  • Energy Source: Electric

Water, Sewer, and Garbage

  • Sewer: Septic Tank
  • Water, Sewer, and Garbage: 16994
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Amber Jensen

Amber Jensen
Broker | REALTOR®

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