Tuesday, August 28, 2018

Sold! 86 Units in Springfield, Oregon

The Evergreen Townhomes (1993) are all duplex townhomes featuring an attached, direct-entry garage, and washer/dryer hook ups.  The majority of the 43 buildings are on individual tax lots (with the exception of two buildings sharing one lot).

Managed by the same owner for over 20 years, the Evergreen Townhouses’ rents significantly trailed the market. HFO marketed the asset as an opportunity to reposition the property. We worked to help investors understand the Eugene/Springfield area’s history of steady rent growth, resulting in a multiple competing offers and a successful sale. For additional information on this listing call an HFO broker at (503) 241-5541.

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