12815 123rd Street Ct E - Apartments FOR SALE


Puyallup, WA 98374- South Hill
$3,800,000 USD
253-486-6725
12815 123rd Street Ct E, Puyallup, WA for Sale
$3,800,000 USD
Apartments - FOR SALE
1/6
null | 6.18% Cap Rate

12815 123rd Street Ct E
Puyallup, WA 98374
South Hill


HIGHLIGHTS

  • Washer/Dryer in All Units
  • Positive Leverage on In-Place Operations
  • 1:1 Parking Ratio

OVERVIEW

Cushman & Wakefield Capital Markets (“C&W”) is pleased to present an exclusive opportunity to acquire the Sherwood Apartments, an 18-unit turn key property in the South Hill neighborhood of Puyallup. The property consists of 17 - 1bed/1bath units and 1 - 2bed/1bath. All units have a washer/dryer in unit as well as an outdoor deck or patio. Each unit also has a covered parking stall for tenant convenience. The property is being offered above a 6% CAP rate offering investors immediate positive leverage from day one. The property sits on a large corner lot, backed up to a greenbelt providing tenants with a tranquil and quiet living environment. Modest upgrades have been made to the units throughout the years including LVP flooring and new cabinets/stainless steel appliances in the kitchens. Competitive loan quotes are available by contacting the listing agent.

FOR SALE DETAILS

PRICE

$3,800,000 USD

PRICE/SF

$291 USD /SF

# OF UNITS

18

PRICE/UNIT

$211,111

CAP RATE

6.18%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sherwood Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1986

PARKING SPACES

26

LAND DETAILS

LAND ACRES

1.41 AC

LAND SF

61,420 SF

ZONING

G,Puyallup

APN/PARCEL ID

041911-8011

ASK ABOUT THIS PROPERTY

Jacob OdegardCushman & WakefieldMore Info
253-486-6725

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Jacob OdegardCushman & WakefieldMore Info
253-486-6725

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.