16 Unit Apartment Sold in Canby by Bernard Gehret
February, 2016: The Rancho Real, a 16 unit, one bedroom complex was sold by Bernard Gehret of Joseph Bernard Investment Real Estate for $1,060,000.
Sale Data Summary:
Estimated Cap Rate: 7.5%
Price per square foot: $87
The property was well maintained by Princeton Property Management.
The Rancho Real Apartments Features Large, One Bedroom Units
The Rancho Real was originally built as a hotel in Canby, Oregon, and has a nice “suite” feel with a separate sink from the shower and bath. Plus built-ins and dishwashers.
Bernard Gehret represented both the buyer and sellers in the transaction.
For More Information on Selling Apartments in Oregon Call Bernard Gehret at Joseph Bernard Investment Real Estate: 503-546-9390.