The 4 unit apartment building at 2126 E. Burnside just sold for $625,000

The 4 unit apartment building at 2126 E. Burnside just sold for $625,000

SOLD!  I represented the sellers in the apartment building transaction which

contained four units.  The vintage property, located beautifully near Heart Coffee and Luce restaurant on 2126 East Burnside featured hardwood floors, vintage tiles, large bedrooms with built in closets.

Beautiful interiors of the sold apartment building by Bernard Gehret of Joseph B</p><p id=

ernard Investment Real Estate” src=”https://bernardgehret.com/wp-content/uploads/2013/03/Interior-12.jpg” width=”640″ height=”427″ /> Beautiful interiors of the sold apartment building by Bernard Gehret of Joseph Bernard Investment Real Estate

The property sold for $625,000, with a 12.73 Gross Rent Multiplier, a 5.10% cap rate of and $188 per square foot.  The property had significant upside with rents due to the immaculate hardwood floors and upgrade potential with the basement and backyard.  Madeleine Rose from Windermere provided outstanding representation for the buyers, and Bernard Gehret

of Joseph Bernard Investment Real Estate represented the sellers.

Hardwood floors throughout the interiors and common areas

Hardwood floors throughout the interiors and common areas

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