SOLD! The Orchard Court Apartments, 50 Units in Keizer, Oregon

By August 29, 2014April 13th, 2021blog, Sold!, Uncategorized

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



Bernard Gehret

Bernard Gehret

Joseph Bernard Investment Real Estate