340 Locust St, Canby, OR 97013
340 Locust St, Canby, OR 97013
340 Locust St, Canby, OR 97013
340 Locust St, Canby, OR 97013
340 Locust St, Canby, OR 97013
340 Locust St, Canby, OR 97013
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Listed by ERIC SWANSON • SMI REAL ESTATE • Cell: 541-990-3795
$ 2,595,000
Est. payment | /mo

32 Beds

16 Baths

13,890 SqFt

Save
$ 2,595,000
Est. payment | /mo
Save

32 Beds

16 Baths

13,890 SqFt

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

Willamette Valley MLS (WVMLS)

NEARBY SCHOOLS & PROPERTIES

Spencer And Mariah Crawford

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(503) 507-3666

spencer@vettruscrawfordrealty.com

2175 NW Raleigh St. Suite 110, Portland, OR, 97210, United States

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340 Locust St