28 Units Sold by Bernard Gehret for $3,300,000

28 Units Sold by Bernard Gehret for $3,300,000

The Powell Terrace Apartments sold for $3,300,000.  Like many properties we have seen listed in 2016, there were multiple offers (three) at full price.  The 2003 built property was well maintained with long term tenants.  Each unit had storage and washer and dryer hookups.

The Powell Terrace Apartments Featured Washer/Dryer Hookups

The Powell Terrace Apartments Featured Washer/Dryer Hookups

Property Sales Summary:

Price per unit:  $117,857

Price per square foot:  $145

Cap rate (actual):  5.10%

Call Bernard Gehret for More Details on the Powell Terrace Apartments

Call Bernard Gehret for More Details on the Powell Terrace Apartments

 

Bernard Gehret represented the seller and buyer, his annual Buyer Seminar is scheduled for September, 2016 he can be reached at 503-546-9390 to sign up.

Large Units with Balconies

Large Units with Balconies