Friday, December 28, 2007

Vancouver Washington Multifamily Property Sold for $26.7 Million

HFO is pleased to announce the sale of our exclusive Vancouver listing, the 284-unit Prairie View Apartments. Prairie View will be converted to federally subsidized low-income housing. Its new owners will pour $4 million into property upgrades including new windows, siding, appliances, pool equipment, and a dog run.

The complex, built in 1989, has big open grassy fields, and is located near a Starbucks coffee shop and several grocery and restaurant outlets. Prairie View sold for $26,700,000.