20 Units Sold in Canby, Oregon by Bernard Gehret from Joseph Bernard Investment Real Estate
SOLD! Milo Del Manor Apartments in Canby, OR
Mon, 2012-11-26
Milo Del ManorWe are pleased to announce the sale of the Milo Del Manor Apartments, a 20-unit property located in Canby, Oregon. This property sold for $1,085,000 at a 7% cap rate.
For further information on this property or transaction please contact Bernard Gehret or Phillip Barry.
The property was owned by the family of the builder, Milo Larson, who passed away in 2011. They cared for the property well, and cultivated loyal long term tenants, many of whom have lived on the property for years.
The buyer has an opportunity to upgrade the already solid property, with the potential to create
over an 8%+ cap rate.
Please call me if you would like more details on this property, or the Canby,
Oregon submarket as I listed and sold the Canby Townhomes earlier
this summer as well.
Bernard Gehret
