The Meadows Apartments Sold by Joseph Bernard Investment Real Estate

The Meadows Apartments Sold by Joseph Bernard Investment Real Estate

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

The Meadows Apartments, located at 3129 NE 13th Street in Gresham, Oregon, recently sold for $1,126,000.  The property consists of 16 one bedroom units, located on a corner lot near the Mt. Hood Community College.

Sale Summary:

Price:  $1,126,000

Price per unit:  $70,375

Price per square foot:  $120.71

Estimated cap rate:  6.81%

The Meadows Apartments features 16 one bedrooms with two stories

The Meadows Apartments features 16 one bedrooms with two stories

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

The property has a large lot, and has the potential to add 12 additional units.

Well Kept Units

Well Kept Units

 

 

 

 

 

 

 

 

 

The interiors were in good shape, the floor plans were identical and the architecture provided good use of small spaces to provide a nice living space for tenants.

 

Sold! Listed by Bernard Gehret of Joseph Bernard Investment Real Estate

Sold! Listed by Bernard Gehret of Joseph Bernard Investment Real Estate

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Joseph Chaplik from Joseph Bernard Investment Real Estate represented the buyer, and Bernard Gehret, also from Joseph Bernard Investment Real Estate, represented the seller.  Call Bernard Gehret for more details: 503-546-9390.