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Sunset Villa 340 S Locust St 18 Unit Apartment Building $2,695,000 ($149,722/Unit) Canby, OR 97013
Executive Summary
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.
Property Facts
| Price | $2,695,000 | Building Class | C |
| Price Per Unit | $149,722 | 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 | $2,695,000 |
| Price Per Unit | $149,722 |
| 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
Bike Score®
Very Bikeable (76)
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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