340 S Locust St, Canby, OR 97013

 Details

Price$2,595,000
Units16
Size13,890 SF
Acres1.02

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.

Showing with accepted offer to purchase. Please do not disturb the residents.

Member(s) of the selling entity are Licensed Real Estate Brokers in the State of Oregon.

ERIC SWANSON
BROKER
LICENSED IN THE STATE OF OREGON

541.990.3795 CELL
eric@smire.com