12821 123rd Street Court Puyallup, WA 98373 – Sherwood Apartments

Sherwood Apartments (Status: Available) 3550000

12821, 123rd Street Court, Puyallup, WA  98373

Expansive Floor Plans: Well-maintained community featuring seventeen spacious 720 SF one-bedroom units and one 1,000 SF two-bedroom unit, with vaulted ceilings in the top floor units and one carport per unit. Full Size Washer and Dryer: Each unit is equipped with full size washer and dryer. Well Maintained Structure and Systems: Roof replaced in 2015, cooper plumbing throughout, and a low maintenance septic system.Attractive Investment Opportunity: Offered at $197,000 per unit, $268 per square foot, and delivering a solid 6.28% cap rate. Financing Options: Close with new debt – approximately $2.59M in proceeds at 5.57% on a 7-year term – or assume existing financing – $1.63M in proceeds at 3.73% with 4-years remaining. Leasing Upside: Potential to increase current rents to market

Listing Details

Asset Class: Multi-Family
Year Built: 1986
Building Total Square Feet: 13240
Available Lease Space Square Feet: 13240
Number of Floors: 2
Total Parking Spaces: 28
Local Zoning Information: HSF

Listing Courtesy of: Northmarq Multifamily LLC

Disclaimer: The information contained in this listing has not been verified by Pacific Continental Realty, LLC and should be verified by the tenant or buyer.