Sold! 11 Units in Outer SE Portland

This 11-unit building was constructed in 2003. The seller reached out to HFO through its national advertising platform. The HFO team found that rents were significantly below market which meant any buyer would need to make a large down payment due to the low rents. Despite that fact, HFO began marketing the property in mid-July, immediately generating multiple offers. The property sold for $1.25 million.