summary report 14066084

We are pleased to announce the sale of the 50 unit complex in Keizer, Oregon the Orchard Court Apartments.  The property consisted of ten buildings located on a quiet cul-de-sac in Keizer, Oregon.

Property highlights:

-Strong tenant base.

-Some cosmetic repairs required with upside in rents.

-Low density layout with garages.

Sale data:

Price:  $3,400,000

Price per unit:  $68,000

Estimated cap rate:  6.7%

Price per square foot:  $72