For Sale: 35 Unit Apartment Building, 8.8% Cap Rate in Canby, Oregon

By May 18, 2012April 13th, 2021Uncategorized
I just listed a 35 unit property that is very well maintained, and 8.8% cap

rate, located

in Canby, Oregon. The sellers have taken care of the building well, and there appears to be no significant deferred maintenance. Here is the

announcement from Joseph Bernard Investment Real Estate:

Canby Townhouse Apartments

164 NE 4th Avenue, Canby, Oregon 97013

Canby Townhouse
Price: $1,950,000

Units: 35 | Price/Unit: $55,714
Sq Ft: 40,000 | Price/Sq Ft: $48.75
Year Built: 1968 | Cap Rate: 8.85%

4 of 5 Buildings with New Roofs | New Vinyl Windows | New Insulation
Townhouse Style Units | Washer / Dryers in Each Unit
Stable ownership with a tenant base and operation history for 26 years

Click Here to go to the Detailed Property Website
Bernard Gehret

Bernard Gehret

Joseph Bernard Investment Real Estate