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10746 NE Wygant St, Portland, OR 97220

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For Sale

$1,690,000

6,615 sqft

Estimated Payment

$      /mo. †

APR for 30 years

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  • Multi-Family (2-4 Units)
    Property type

  • $255.48
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

The Berna Court Apartments is a peaceful 12-unit apartment community located in the up-and-coming Parkrose neighborhood of Northeast Portland, and edges up to the well-established Maywood Park neighborhood. The property consists of unique single-level apartments for a higher quality of living and renter demand in today's market and is comprised of all 2br/1ba floor plans. The majority of units have been renovated in recent years. The property has undergone extensive capital improvements over the past few years on major capex items, providing an opportunity to step into a sound and quality asset day 1. Improvements include new roofing, new exterior paint, new Siding (partial), all new electrical panels, new electric meter bank/grounding with new wiring to panels, new garbage enclosure, extensive unit renovations, and various other hands-on projects over the years. The property also benefits from energy efficient vinyl windows, along with many other historical improvements and repairs that will benefit an investor long-term due to the current ownerships hands on approach. Berna Court sits uniquely within a residential setting in the Parkrose Neighborhood (but also borders the Maywood Park neighborhood as well). The Parkrose neighborhood offers a diverse mix of single-family homes, apartments, and nearby commercial amenities. The neighborhood is well-served by public transportation, facilitating easy access to both downtown Portland and surrounding suburban areas. Overall, Parkrose offers a blend of suburban comfort and urban connectivity, making it an appealing and balanced place for residents to live. Berna Court provides an investor with a well-maintained asset, with operational value add opportunity through more efficient management and operations. The current average rent in place trails the market by approximately 7 to 10%, allowing a reasonable and attainable value add approach to get the rents up to market within the first few years of ownership.
MLS# 11365781

Courtesy Of Joseph Bernard Investment Real Estate

(503) 546-9390

Property Features

  • Age
    Over 50 Years Old
  • Amenities
    Dock
  • Architecture Style
    Other
  • Lot Size
    0.45 Acres

Map and Directions

Directions to 10746 NE Wygant St, Portland, OR 97220

Home seller CENTURY 21 North Homes Realty

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 North Homes Realty

(503) 652-2260
Learn More About Us

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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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