Just closed on a 47 unit "courtyard style" multifamily in Portland!

[AJ Shepard]

Investment Info:

Large multi-family (5+ units) buy & hold investment in Portland.

Purchase price: $10,850,000
Cash invested: $100,000

Contributors:
Trent Werner, Chris Shepard

GP Investment. Cedar Mill Courtyard Apartments was built in 1972 and includes four total buildings. It has 47 units with 70 asphalt parking spaces. The general mix of the units is (17) one-bedroom, one-bath one-story flats, (12) two-bedroom, one-bath one-story flats, (8) two-bedroom, one-bathroom townhome style units, (4) three-bedroom, one-bathroom one-story flats, and (6) three-bedroom, one-bathroom townhome style units. The property is in the Cedar Mill neighborhood of Northw