The Brooktree Apartments in Salem, Oregon sold by Bernard Gehret of Joseph Bernard Investment Real Estate for $2,050,000

ANOTHER SOLD! We just closed on the Brooktree just in time to ring in the new year. The 44 unit complex sold

for $2,050,000 to a local buyer, the property feat

ures a great location of

f SE Commercial with a great low density layout. The deal was another true “Win-Win” for the parties as the seller received a very fair

market price and the buyer has the potential to increase value by upgrading the amenities.

The property sold for approximately a 7.1% cap rate, call me for more details on this transaction: 503-546-9390.  Thanks to Andrew Holowetzki from Joseph Bernard who also brokered the deal with me.  Here are more details on the property: www.josephbernard.net

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