Thursday, June 6, 2019

Sold! 24 Units in SW Portland, Oregon

This 24-unit property is located in the Goose Hollow neighborhood of downtown Portland. The asset's 24 two-bedroom townhomes average 967 square feet. The unique garden-court townhomes with off-street secured parking make it an attractive investment.

Units include a full-sized washer/dryer set, vaulted ceilings plus decks in select units. The property is within walking distance of Portland State University and the city's financial and cultural districts.

HFO was able to demonstrate management upside and long-term demand for this rare townhome product. The asset was purchased by an exchange buyer from California actively seeking to build a portfolio of properties throughout metro Portland.

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