Sold! 51 Units in Close-In SE Portland $4.9M

Sold! 51 Units in Close-In SE Portland $4.9M

HFO’s
exclusive listing Moreland Place has
sold for $4.9 million.  Moreland Place is a recently renovated
51-Unit apartment community located near 28th and Powell. This
highly desirable property was constructed in 1980 and has seen increasing rents
following recent upgrades and was attractive to local investors seeking ongoing
upside potential. 

Moreland Place is an example of HFO’s
ability to work well with other commercial real estate firms.  The seller
needed to close by year end.  HFO not
only went to market with top prospects in its database, but reached out to
other brokers. This enabled HFO to find a buyer who was able to meet the
seller’s tight time frame. HFO’s team of apartment transaction experts was able
to close 25 days from start to finish.  Both
the Seller and Buyer achieved their goals: Close by year-end and complete their
1031 tax-free exchange.

HFO Investment Real Estate specializes in multifamily brokerage sales and advisory services for commercial real estate investors and apartment owners throughout Oregon and Washington. Build your legacy at http://www.hfore.com