Friday we closed on a five unit deal on SE Division Street with the following statistics:
Price: $325,900
Price per unit: $65,180
Cap rate:7.63%
Price per square foot: $79.83
The property featured long term tenants with off-street parking tucked back off the street.
The buyer was represented by Colin Russell of Macadam Forbes , and the seller was represented by Bernard Gehret and Michael Candianides of Joseph Bernard Investment Real Estate. For more information on apartments available on the market, please see our site: www.josephbernard.net