Sunday, November 23, 2008

HFO brokers announce multifamily apartment sales totaling over $3.87 million in NE, SE Portland

HFO arranged the sale of the 16-unit Rose Garden Apartments (pictured at left) in NE Portland for $1.25 million or approximately $78,125 per unit. The multifamily property consists of 12 apartments plus 4 retail spaces along Sandy Boulevard. The buyer was Metro Windser LLC and the seller was Malcolm F. Johnson of Portland. HFO Investment Real Estate brokers represented the parties.

The 20-unit Foxstar Apartments located in SE Portland have sold for $1.4 million or $70,000 per unit. The buyer was Foxstar Investments LLC and the seller was Portland Foxstar, L.P. of Alameda, California. HFO Investment Real Estate brokers represented the seller of this multifamily property.

2820 LLC of Portland purchased Weathering Heights, a 16-unit apartment complex at 2820 SE Gladstone Street in Portland for $1.225 million or $76,563 per unit. The seller was J. Barnes of Reno, Nevada. HFO Investment Real Estate brokered the transaction.