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.
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0BEDS
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0.96ACRES
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0BATHS
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01/2 BATHS
Listing information ©2024 Northwest MLS. Listing courtesy of Urban Commercial Partners, LLC.
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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.
The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Keller Williams Tri-Cities are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. The three tree icon refers to an NWMLS listing. Data last updated 2024-09-11T08:14:56.587. The "Days on Site" data field is calculated by BoomTown and is the number of days since the listing was originally received in our system. It is not the equivalent of "Days on Market". Based on information submitted to the MLS GRID as of 2024-09-11T08:14:56.587. 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.