The Brentwood Apartments, Buyer Represented by Bernard Gehret, Joseph Bernard Investment Real Estate

The Brentwood Apartments, Buyer Represented by Bernard Gehret, Joseph Bernard Investment Real Estate

 

 

SOLD!  March, 2016, the Brentwood Apartments sold for $1,032,500.  The property features two bedroom town-homes tucked back in a quiet residential neighborhood.  Washer and dryer hookups are in each unit.

Current rents at the time of sale were $670 for each unit.

PROPERTY SUMMARY:

Price per unit:  $79,432

Price per square foot:  $85.86

Estimated cap rate:  6%

The sellers were represented by Cody Vaz and Jack Stephens of HFO Investment Real Estate, and the buyer was represented by Bernard Gehret of Joseph Bernard Investment Real Estate.