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The 10 Unit Cedar Breaks Sold for $87,500 per unit in Portland, Oregon

The 10 Unit Cedar Breaks Sold for $87,500 per unit in Portland, Oregon

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.

For further information about this property or transaction, please click here or contact Bernard Gehret.