Windsor Island Apartments (photo courtesy of RMLS)

Windsor Island Apartments (photo courtesy of RMLS)

Sold!  The 20 unit complex in Salem, Oregon sold for $1,090,000.  The complex sold in August, 2015 and features off-street parking, laundry facility tucked off the street for a nice place for tenants to live.

Sale data summary:

-$54,500 per unit.

-$82 per square foot.

-Estimated 6% cap rate

Jennifer Hand of Gall Real Estate represented the seller, and Bernard Gehret represented the buyer.