SOLD! 26 Multifamily units, Silverton, Oregon: $1,800,000.
The 26 units consisted of three separate, and adjacent properties: The Laurelwood, The Milford, and The Hillview Apartments.
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.
Estimated Cap Rate: 6.8% (actuals)
Price Per Square Foot: $84
For more details, call Bernard Gehret at 503-546-9390.