- ADDRESS:
- 340 S LOCUST ST Canby, OR 97013
- Price:
- $2,595,000
- Units:
- 16
- Acres:
- 1.02
- Unit 1:
- 2 Bed 1.0 Bath
- Unit 2:
- 2 Bed 1.0 Bath
- Unit 3:
- 2 Bed 1.0 Bath
- Unit 4:
- 2 Bed 1.0 Bath
- Unit 5:
- 2 Bed 1.0 Bath
- Unit 6:
- 2 Bed 1.0 Bath
- Unit 7:
- 2 Bed 1.0 Bath
- Unit 8:
- 2 Bed 1.0 Bath
- Unit 9:
- 2 Bed 1.0 Bath
- Unit 10:
- 2 Bed 1.0 Bath
- Unit 11:
- 2 Bed 1.0 Bath
- Unit 12:
- 2 Bed 1.0 Bath
- Unit 13:
- 2 Bed 1.0 Bath
- Unit 14:
- 2 Bed 1.0 Bath
- Unit 15:
- 2 Bed 1.0 Bath
- Unit 16:
- 2 Bed 1.0 Bath
- MLS#:
- 551246483
- Lot Size:
- 1 to 2.99 Acres
- Type:
- Multi
- Zone:
- R2
- Yr Built:
- 1977
- Taxe/yr:
- $18,755.23
- County:
- Clackamas
- Status:
- Active
- Levels:
- 2
- Heat:
- Other
- Elem:
- Other
- Middle:
- Baker Prairie
- High:
- Canby
- Area:
- Oregon City, Beavercreek, Canby, Molalla, Mulino
- Courtesy of:
- SMI Commercial Real Estate LLC
- Remarks:
- Sunset Villa Apartments 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.