We just sold the 35 units in Canby, a nicely located property just off the main drag in Canby which was owned by one ownership group for 30 plus years. The ownership did a great job working with tenants and the on-site management
tea
m was also stellar. The property featured
100% townhouse style units, four of the five roofs were new, and the
owners made repairs to the property immediately when needed.
The buyer has the opportunity to increase the value by decreasing time the units are vacant, utilizing more marketing to increase rents, and can upgrade the flooring to hardwoods. Overall, the sale was a real “WIN-WIN” for everyone!
Call me at 503-546-9390 if you want more details of the sale.
From Joseph Bernard’s website:
SOLD! Canby Townhouse Apartments
Wed, 2012-10-31
Candy TownhouseWe are pleased to announce the sale of the Canby Townhouse Apartments, a 35 unit community in Canby, Oregon. This property sold for $1,922,500 at a 7.35% cap rate.
This property features all townhouse style units with a tenant base and operation history for 26 years.
For more information on this property or transaction please click here or contact Bernard Gehret.
