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Rancho Real Apartments

Rancho Real Apartments

https://www.josephbernard.net/rancho-real-apartments
Address:
290 SE 2nd Avenue, Canby, Oregon 97013
Price:
$1,125,000
Units:
16
Price per unit:
$70,313
Cap Rate:
7.01%
Year Built:
1963

Highlights

  • Recent Capital Improvements
  • Off-Street Parking
  • Large 1 Bedroom Units
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Rancho Real Apartments

Summary

Best deal on the market! The property features sixteen (16) large one bed-room units with off-street parking. The property has off-street parking, vinyl windows, and a laundry facility with an additional office. The sellers invested substantial capital improvements into the property including plumbing throughout the entire building and refurbished many units. The property has stable occupancy and operations, with near 100% occupancy in recent history. The property currently is managed by Princeton Property Management.

Highlights

  • Recent Capital Improvements
  • Off-Street Parking
  • Large 1 Bedroom Units
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Rancho Real Apartments

Canby is a city in Clackamas County, Oregon, United States. The population was 15,829 at the 2010 census. It is along Oregon Route 99E, 2 miles northeast of Barlow. Entering Canby from the north brings visitors past the Willamette River, and from the south through the historic community of Aurora. The Molalla River passes by the southern and western border of the city.
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Rancho Real Apartments

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Rancho Real Apartments

Document Title Document Type
Property Flyer Adobe PDF
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Rancho Real Apartments

Bernard Gehret
bgehret@josephbernard.net
Joseph Bernard, LLC
5200 SW Macadam Avenue
Suite 300
Portland, Oregon 97239
503.546.9390 Main
866.546.9390 Toll Free
503.546.9395 Fax