SOLD! 26 Multifamily units, Silverton, Oregon:  $1,800,000.

Another Multifamily Property Sold by Joseph Bernard Investment Real Estate

Another Multifamily Property Sold by Joseph Bernard Investment Real Estate, this is “The Milford”

 

The 26 units consisted of three separate, and adjacent properties:  The Laurelwood, The Milford, and The Hillview Apartments.

The Milford Apartments Are One of Three Properties That Sold

The Milford Apartments Are One of Three Properties That Sold

 

Overall, the property was in good condition at the time of sale, with primarily long-term tenants.  The property features off street parking, children’s play area, and a laundry facility.

Classic Kitchen Cabinetry

Classic Kitchen Cabinetry

Property Summary:

Price:  $1,800,000

Estimated Cap Rate: 6.8% (actuals)

Price Per Square Foot: $84

For more details, call Bernard Gehret at 503-546-9390.