Provided by NWMLS, Listed by Urban Commercial Partners, LLC
Active
8100 Sherwood Forest Street SW
Lakewood WA, 98498
$2,700,000
Active
Multi-family
Built in 1963
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.
2273020
MLSⓇ ID
August 12, 2024
Listed
October 24, 2024
Updated
Map
8100 Sherwood Forest Street SW
Lakewood WA, 98498
Interior Features
Total Stories
2
Fireplace
No
Cooling
Yes
Cooling Description
Other See Remarks
Heating
Yes
Heating Description
Baseboard
Exterior/Building Features
Lot Size
0.96 Acres
Exterior Features
Wood, Wood Products
Roof
Composition
Sewer
Sewer Connected
School Information
School District
Clover Park
Other Property Details
Area Name
37 - Lakewood
Taxes
$20,106
Tax Frequency
Annually
Garage
No
Parking Total
25
View
No
County
Pierce
Pool
No
The IDX display presents information sourced from the Northwest Multiple Listing Service as of 10/30/2024. The data is intended for personal, non-commercial use and should not be used for any other purpose except to identify potential properties for purchase. While the MLS data displayed is generally deemed reliable, it is NOT guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. The property locations displayed on any map are merely best approximations and exact locations should be independently verified. Based on information submitted to the MLS GRID as of 10/30/2024 at 12:00 AM UTC . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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Data last updated on 10/30/2024 at 12:00 AM UTC