Tuesday, April 7, 2009

36 Unit Apartment Complex in NE Portland Sells For $2.725 Million

The 36-unit Raven Apartments located in NE Portland have sold for $2.725 million or $75,694 per unit. This 2004 construction apartment complex consisted of 2 Bd / 1.5 Ba Townhomes and 2 Bd / 1 Ba Flats and is located near MAX light rail. The buyer was Crow Apartments LLC and the seller was Raven Apartments LLC of Portland, OR. HFO Investment Real Estate represented both parties in this transaction.