Purchased by Snow & Kerley Properties in a transaction brokered by Gabe Johansen of SMI Commercial Real Estate, LLC, Lee Street SE Apartments feature seven units with two apartment layouts. Four of the units offer a 1-bedroom, 1-bath layout, and 3 of the units feature 2 bedrooms and 1 bath. In addition to the on-site laundry facility, Lee Street SE Apartments provides residents with fenced yards and car ports. Although tenants pay for electricity, the landlord covers water/sewer and refuse collection costs.
The $435,000 purchase was financed by Precision Capital in the city of Eugene, with Chris Bettis serving as the mortgage broker.