340 S Locust St - Apartments FOR SALE


Canby, OR 97013
$2,595,000 USD
503-390-6060
340 S Locust St, Canby, OR for Sale
$2,595,000 USD
Apartments - FOR SALE
1/21
null | Request Cap Rate

340 S Locust St
Canby, OR 97013


OVERVIEW

Sunset Villa Apartments is a 16-unit community located in central Canby. The property features all 2 bed / 1 bath floor plans situated on a spacious 1.02-acre site. An onsite manager’s office, onsite laundry facilities, and 33 off-street parking stalls support stable, long-term operations. Offered at $2,595,000 with a strong 6.50% in-place cap rate, the asset has produced consistent cash flow for years. Additional upside is supported by RUBS utility reimbursements and strong rental fundamentals in a supply-constrained market Member(s) of the ownership entity are Licensed Real Estate Brokers in the State of Oregon.

FOR SALE DETAILS

PRICE

$2,595,000 USD

PRICE/SF

$172 USD /SF

# OF UNITS

18

PRICE/UNIT

$144,167

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.