The latest news of interest to multifamily owners of apartment buildings in Oregon and Washington.
Build Your Legacy with HFO.
Tuesday, July 30, 2019
Sold! 30 Units in NE Portland, Oregon
HFO is pleased to announce the sale of this listing. The asset was well-maintained but in original condition. Units included washer/dryer hookups, off-street parking and interior hallways. Each unit has a wood-burning fireplace, and ground floor units have private patios. Recent updates include new roof, seal coat and paint.
The property was owner managed and rents were below market. The asset's upside was attractive to numerous investors and HFO worked with the seller to determine the strongest buyer with the ability to close in a timely manner.