340 S Locust St - Apartments FOR SALE


Canby, OR 97013
$2,695,000 USD
503-390-6060
340 S Locust St, Canby, OR for Sale
$2,695,000 USD
Apartments - FOR SALE
1/21
null | Request Cap Rate

340 S Locust St
Canby, OR 97013


OVERVIEW

16 unit community in central Canby. All units are 2 bed / 1 bath floor plans on a spacious 1.02 acre site. Offered at $2,695,000 with an attractive -6.25% in place cap rate, proven consistency cash flow for years, stable long-term occupancy, RUBS utility reimbursements, strong historical operations and clear upside through continued unit upgrades and market rent growth. Member(s) of the ownership entity are Licensed Real Estate Brokers in the State of Oregon.

FOR SALE DETAILS

PRICE

$2,695,000 USD

PRICE/SF

$178 USD /SF

# OF UNITS

18

PRICE/UNIT

$149,722

CAP RATE

Request Cap Rate

% LEASED

89%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sunset Villa

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1977

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.02 AC

LAND SF

44,619 SF

ZONING

R2

APN/PARCEL ID

00797187

ASK ABOUT THIS PROPERTY

Eric SwansonSMI Real EstateMore Info
503-390-6060

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Eric SwansonSMI Real EstateMore Info
503-390-6060

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.