Robison Jewish Home, an Oregon-based senior assisted living center, acquired the multifamily building at 1125 SW 12th Ave. in Portland, OR from Lexington Investments Properties LLC for $4.325 million, or about $80,000 per unit.
The 54-unit, 24,720-square-foot apartment building is approved by HUD as Section 8 housing for low-income seniors and disabled persons.
No brokers were involved in the direct sale.
Please see CoStar COMPS #2631854 for more information on this transaction.