GET MORE INFORMATION
We respect your privacy! Your information WILL NOT BE SHARED, SOLD, or RENTED to anyone, for any reason outside the course of normal real estate exchange. By submitting, you agree to our Terms of Use and Privacy Policy.
Listed by SMI Commercial Real Estate LLC
Bought with Non Rmls Broker
Bought with Non Rmls Broker
$ 2,595,000
$ 2,595,000
Est. payment | /mo
1.02 Acres Lot
$ 2,595,000
$ 2,595,000
Est. payment | /mo
1.02 Acres Lot
Key Details
Sold Price $2,595,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 551246483
Sold Date 05/18/26
Year Built 1977
Annual Tax Amount $18,755
Tax Year 2025
Lot Size 1.020 Acres
Property Description
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.
Location
State OR
County Clackamas
Area _146
Zoning R2
Interior
Heating Other
Cooling None
Exterior
Roof Type Other
Garage No
Building
Story 2
Sewer Public Sewer
Water Public Water
Level or Stories 2
Schools
Elementary Schools Other
Middle Schools Baker Prairie
High Schools Canby
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Nearby Locations
GET MORE INFORMATION
Jesse Morgen
Managing Broker | Lic# 26011297