Thursday, October 8, 2009

HFO Brokers Announce Multifamily Apartment Sales Totaling $2.5 Million in NE Portland and Beaverton

PORTLAND, Ore.-- HFO Investment Real Estate, a Northwest real estate investment firm with headquarters in Portland, Ore., has arranged the sale of the 38-unit Highlander Apartments in SE Portland for $1.62 million. The buyer used a HUD loan to finance the purchase and a planned major upgrade at the property. The buyer was RCD Acquisitions of Irvine, CA and the seller was Carlson Trust of Portland. HFO Investment Real Estate brokers represented the parties.

The 6th Avenue West Apartments located in Beaverton have sold for $900,000 or $56,250 per unit. Constructed in 1967, the low-density complex consists of 16 large 2-bedroom units. The buyer was C.A. LLC of Portland, Oregon and the seller was E. Lang of Portland, Oregon. HFO Investment Real Estate brokers represented the parties.