South Vista Apartments

The Property:

Built in 2001, South Vista Apartments is a well-maintained property that offers 30 two-bedroom, two-bathroom apartments equipped with essential amenities, including in-unit washers and dryers, private patios or balconies, additional storage for added convenience, and ample off-street parking.

Nestled in South Salem, residents enjoy the serenity of suburban life without sacrificing the perks of urban convenience. With an impressive Walk Score of 85, residents are just steps away from the vibrant South Commercial shopping district, providing easy access to bus lines, retail outlets, and a diverse array of restaurants.

Opportunities and Challenges:

Despite being listed during the holiday season, traditionally a slower period for real estate, South Vista garnered significant interest from prospective buyers. This heightened interest can be attributed to the property’s prime location and HFO’s unparalleled marketing expertise and deep industry relationships.

“HFO’s know-how and marketing prowess allowed us to generate substantial interest in South Vista, even during the holiday season,” said Greg Frick, Partner at HFO. “Through collaborative efforts and leveraging our extensive network, we identified multiple qualified parties, including those engaged in 1031 exchanges, who were well-positioned to meet the seller’s unique timing criteria and take advantage of the assumable loan associated with the property.”

Results:

The successful sale of South Vista underscores HFO’s commitment to delivering exceptional results and maximizing value for clients in the competitive real estate market. “At HFO, when you hire one of our brokers, you’re essentially hiring the entire firm to represent your project,” added Greg. “Our collaborative approach ensures that each client benefits from the collective expertise and relationships of our entire team, resulting in the best possible outcomes for all parties involved.”