2
GRESHAM, ORE. — HFO Investment Real Estate has arranged the $10 million sale of Applegate Apartments, a multifamily community at 17726 S.E. Division St. in Gresham. Greg Frick, Jack Stephens and Yuriy Chubok of HFO represented the buyer and seller, both private local investors, in the transaction.
Built in 1979 on 3.1 acres, Applegate is comprised of 12 two-story buildings offering a total of 78 one-, two- and three-bedroom units, with an average unit of 809 square feet. All units include in-unit laundry hookups, and recent capital improvements include new siding, a new roof and windows.