Buying, selling and operating apartments in Portland

Individual Portland Apartment Sales >$450K – Sept 2012 | 6 November 2012

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RIGHT-CLICK ABOVE LINK (and SAVE LINK AS) TO DOWNLOAD THE DETAILED REPORT

Attached is a table of individual Portland-area sales of apartment complexes greater than $450,000 in September  2012. We’ve included $/unit, $/sqft , unit count, year built and CapRate (as reported) and a comparison to September 2011 averages.  September 2011 had 3 sales greater than 100 units each that  skews the averages.

In general, buyers are still picky about returns on properties, so if you do have issues with your property like deferred maintenance or low rents, it behooves you to remedy them before you list.

In addition, your tenants usually aren’t any better looking than your property.

Whether you keep or sell your property, you need to focus on increasing the net income to you or any future buyer – Always!

If you’d like more information on:

– A comparative analysis of your property vs. your neighborhood with specific comp properties for sale and listed and a rent survey, or

– Analyzing your property to maximize your income to see how you can make more money or get a higher sales price, or

– Details/background on individual sales in the report, or

– Free copy of our 80-page book – Buying, Selling and Operating Apartments Using FInancial Analysis

Please contact me:

Steve Morris – Senior Advisor Multi-Units
Sperry Van Ness – Bluestone & Hockley
steve.morris@svn.com  / (503) 970-4593