I really like the Cedar Breaks apartments, located just off SE Cesar Chavez Blvd, the property features quiet living units with off-street parking. The seller turned over the units and upgraded over the past two years, with new siding and windows. I love the “win-win” deals, as we strive to match up the right buyer for the right property, and this deal was a quintessential “win-win” for the buyer and seller. Joseph
Chaplik represented the buyer and Bernard
Gehret represented the seller.
From Joseph Bernard Investment Real Estate’s website:
SOLD! Cedar Breaks Apartments in Portland, OR
We are pleased to announce the sale of the Cedar Breaks Apartments, a 10-unit community located in SE Portland, Oregon. This property featured some townhouse style units, on-site laundry, assigned off-street parking, and vinyl windows.
Cedar Breaks sold for $875,000 at a 6.71% cap rate.