Tuesday, August 7, 2018

Sold! 10 Units in Portland, Oregon

The Hassalo Duplexes (1963) included three duplex houses, one single family residence, and one tri-plex. Most of the buildings were on individual tax lots. The Hassalo Duplexes were managed by their original owner/developer. As a result, rents significantly trailed the market, and it was clear the property would benefit from professional oversight.

HFO used its extensive knowledge of the market to validate assumptions on the property’s rent growth potential. Our team used its extensive network to locate a buyer with the financial wherewithal to obtain financing on a property with a lower than expected NOI. For additional information on this transaction contact an HFO broker at (503) 241-5541.