SOLD! The Shilo Apartments, Salem, Oregon: 10 Units, $515,000

By November 15, 2013April 13th, 2021Sold!
Sold by Bernard Gehret of Joseph Bernard Investment Real Estate

Sold by Bernard Gehret of Joseph Bernard Investment Real Estate

2131 Center St NE (2) (Medium)

We just closed on a 10 unit deal in Salem for $515,000.  The property sold at a 7.5% cap rate, $66 per square foot, and $51,500 per unit.  The property was well maintained by the seller and had a stable tenant base.

2131 Center St NE (3) (Medium)

Bernard Gehret of Joseph Bernard Investment Real Estate represented the seller, and Angela Pernisco did a fantastic job representing the buyer.  She works at Knipe Realty.

Bernard Gehret

Bernard Gehret

Joseph Bernard Investment Real Estate