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.
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.