$2,700,000
8100 Sherwood Forest Street SW, Lakewood, 98498
Listing Courtesy of
Urban Commercial Partners, LLC
8100 Sherwood Forest Street SW, Lakewood, WA 98498
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.
Source Northwest MLS
Media
- Photos
PROPERTY DETAILS
- Mls Id2273020
- StatusActive
- AreaLakewood
- CarportNo
- CityLakewood
- CountyPierce
- Exterior FeaturesWood, Wood Products
- FireplaceNo
- High School DistrictClover Park
- Living Area0 Square Feet
- Lot Acres0.9642
- Lot Square Feet42000
- New ConstructionNo
- Zip Code98498
- Property TypeMulti-Family
- RoofComposition
- SewerSewer Connected
- WaterfrontNo
- Year Built1963
- Checked For Updates2024-09-16 09:01:40 PDT
Based on information submitted to the MLS GRID as of 2024-09-16 09:01:40 PDT. 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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