8100 Sherwood Forest Street SW
Lakewood, WA 98498
0.96 acres | #2273020
Description
Value Add 16-unit multi-family investment opportunity. Sherwood Forest Apartments is located in the Central Lakes neighborhood of Lakewood at the end of a quiet residential street. Consisting of (2) duplexes, (2) triplexes, and (1) 6-unit, the complex offers a mix of 1-, 2-, and 3-bedroom units with covered patios, decks, and fully fenced backyard space for ground floor units. In-place Cap Rate of 6.38%, approx. 50% of the units have been updated, leaving upside for an incoming purchaser to renovate, increase rents, and stabilize the operations. High historic occupancy levels, vacancies rarely occur.
Property Details
- Exterior FeaturesFenced-Partially, Outbuildings, Sprinkler System
- Exterior MaterialsWood, Wood Products
- Stories2
Measurements
- Acres0.9642
Construction Details
- Style56 - 10+ Units
- Property TypeMulti-Family
Condition
- Year Built1963
Utilities / Energy Details
- Sewer InformationSewer Connected
Community and Neighborhood Details
- SubdivisionLakewood
Location
- School DistrictClover Park
- CountyPierce
Financial Details
- Original List Price$2,700,000
- Taxes Annual$20,106
- Days on Market (Cumulative)15
Other
- MLS #2273020
Legal
Disclaimer: The information contained in this listing has not been verified by Northwest Multiple Listing Service (NWMLS) - 21 - WA and should be verified by the buyer.
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Last Updated: . Source: NWMLS
Listing Courtesy
Listing Agent: Tyler J. Bretz (#NWM102039)
Listing Office: Urban Commercial Partners, LLC (#NWM4778)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
