SOLD:  The five unit apartment building located at 9105 NE Hoyt Street, Portland, Oregon, sold for $630,000.

5 Units, Sold for $630,000 by Bernard Gehret of Joseph Bernard Investment Real Estate

 

Property Features four, one-bedroom units and one, two-bedroom unit.

PROPERTY FEATURES:

The five unit building featured four, one-bedroom units, and one, two-bedroom unit.  The entire building envelope was upgraded in 2017-2019, with new roofing, siding, windows, doors.

Two units kept vacant due to rent control

TRANSACTION SUMMARY:

Price:  $630,000

Price Per Unit:  $126,000

Price Per Square Foot:  $215.16

Estimated Cap Rate:  5.60%

Estimated Cap Rate (pro forma):  6.25%

EXTERIOR PHOTOS:

INTERIOR PHOTOS:

Bernard Gehret of Joseph Bernard Investment Real Estate represented the buyer and seller in this transaction. For more information about this sale or the market, call Bernard Gehret at 503-546-9390.  Click HERE for more information on the property.