The latest news of interest to multifamily housing investors in Oregon and Washington.
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Monday, June 21, 2010
Sold! 8 Unit Apartment Investment Property in SE Portland $1.13 million
HFO is pleased to announce the sale of Moreland Terrace in SE Portland. This property was completely renovated in 2009 with improvements inside and out. Exterior work ranged from new siding and windows to landscaping, pavement, and roofing. Interior upgrades included new electrical panels, plumbing, tile baths, heaters, cherry cabinets, granite counters, stainless steel appliances, baseboard and water heaters and washer/dryers. The complex was completely painted inside and out. The sale price was $1.13 million or $141,250 per unit. HFO represented the buyer in this transaction.