Monday, January 21, 2013

Exclusive Listings Sold: Two North Portland Apartment Buildings

HFO represented the parties in the $1.45 million sale of Bristol Court, a 20-unit property built in 1963 adjacent to 90-acre Pier Park in St. Johns.  This unique property features one-story units with full size washers & dryers with white picket-fenced front yards and private backyards.  The property had some physical challenges which HFO worked through with the buyer.
HFO’s exclusive listing the Louis York sold for $3.83 million.  This 47-unit property was built in 2011.  The Louis York is a new, energy-efficient building just two blocks from downtown St. Johns.  Louis York presented the unique challenge of being one of the first market-rate apartments in the St Johns neighborhood. HFO’s marketing of the property highlighted its unique qualities. The HFO team successfully uncovered a buyer familiar with the location's unique obstacles.