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Sunset Villa 340 S Locust St 18 Unit Apartment Building $2,595,000 ($144,167/Unit) Canby, OR 97013
Executive Summary
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.
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.
Property Facts Under Contract
| Price | $2,595,000 | Building Class | C |
| Price Per Unit | $144,167 | Lot Size | 1.02 AC |
| Sale Type | Investment | Building Size | 15,120 SF |
| No. Units | 18 | Average Occupancy | 89% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1977 |
| Apartment Style | Low-Rise | ||
| Zoning | R2 | ||
| Price | $2,595,000 |
| Price Per Unit | $144,167 |
| Sale Type | Investment |
| No. Units | 18 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.02 AC |
| Building Size | 15,120 SF |
| Average Occupancy | 89% |
| No. Stories | 2 |
| Year Built | 1977 |
| Zoning | R2 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 18 | - | 840 - 900 |
1 1
Fairly walkable
50/100
Moderately drivable
70/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 00797187 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,058,625 |
Property Taxes
Parcel Number
00797187
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,058,625
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Sunset Villa | 340 S Locust St
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