Wednesday, January 13, 2010

HFO apartment brokers announce multifamily apartment sales totaling $1.79 million in NW Portland and Vancouver, WA

Portland, OR – HFO Investment Real Estate has arranged the sale of the 19-unit Teasdale Apartments in NW Portland for $1.275 million or $67,105 per unit. Constructed in 1910 the Teasdale consists of six 1-bed 1-bath units and 13 studio apartments. The buyer obtained a conventional loan to finance the purchase and planned upgrades at the property. HFO Investment Real Estate brokers represented the parties.

An 8-plex in Vancouver Washington also sold for $515,000 or $64,275 per unit. Constructed in 1972, the apartment complex has many recent upgrades including a newer roof, windows, appliances, and floor covering. HFO Investment Real Estate brokers represented the seller.