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Listed by ERIC SWANSON • SMI REAL ESTATE • Cell: 541-990-3795
$ 2,595,000
Est. payment /mo
Active Under Contract
340 Locust St Canby, OR 97013
32 Beds
16 Baths
13,890 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi- (5+)
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 13,890 sqft
Price per Sqft $186
MLS Listing ID 837273
Bedrooms 32
Year Built 1977
Annual Tax Amount $18,230
Tax Year 2025
Lot Size 1.020 Acres
Acres 1.02
Property Sub-Type Multi- (5+)
Property Description
Accepted Offer with Contingencies. 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. Member(s) of the ownership entity are Licensed Real Estate Brokers in the State of Oregon. Additional upside is supported by RUBS utility reimbursements and strong rental fundamentals in a supply-constrained market
Location
State OR
County Clackamas
Area Os Outside 4 County Area
Interior
Hot Water Electric
Laundry Laundry Center
Building
Sewer City
Water City
New Construction No
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
