For Sale
$1,690,000

10746 Wygant St Portland, OR 97220

Portland Mixed-Use Investment Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional 12-unit apartment community, known as Berna Court Apartments, presents a compelling investment opportunity in Portland, Oregon's desirable Parkrose neighborhood. Situated on a 0.45-acre lot at 10746 NE Wygant St, 97220, this mixed-use property offers a unique blend of residential comfort and potential for value appreciation. The property comprises exclusively two-bedroom, one-bathroom units, many of which have been recently renovated. Significant capital improvements have been implemented in recent years, including a new roof, exterior paint, partial siding replacement, upgraded electrical systems (panels, meters, wiring), a new garbage enclosure, and extensive interior unit renovations. Energy-efficient vinyl windows further enhance the property's appeal. Berna Court benefits from its location within a residential setting bordering both the Parkrose and Maywood Park neighborhoods, offering residents convenient access to public transportation, nearby commercial amenities, and a balanced mix of suburban tranquility and urban connectivity. Current rents are below market average, presenting a clear path for value-add through increased rental rates. This well-maintained asset provides a solid foundation for immediate income generation and long-term growth potential. The property is priced at $1,690,000.

Property Details for 10746 Wygant St

Property type
Mixed-use properties
Lot Size (sq. ft)
19,602 SF

Location Insight

City
Portland
County
41051
State
Oregon
Latitude
45.556337
Longitude
-122.5518279

FAQs

What type of property is this?
Mixed-use property - Portland Mixed-Use Investment Opportunity
Where is the mixed-use property located?
The property is located at 10746 Wygant St Portland, OR.
What is the asking price?
The asking price for this property is $1,690,000.
How can I contact the broker?
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10746 Wygant St
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