I recently closed the 8 unit property for $865,000. The property consisted of a mix of large two and three bedroom units located on a quiet cul-de-sac in Gresham, Oregon.
Price per unit: $85,625
Price per square foot: $94
Cap rate (stabilized): 6.69%
For more information on this sold property, call Bernard Gehret at Joseph Bernard Investment Real Estate: 503-546-9390. Bernard Gehret represented the sellers and Dan Goss of Dan Goss Real Estate represented the buyer.