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Browse More Listings in Multifamily For Sale, Portland, OR or Oregon

Multifamily Property For Sale

Berna Court Apartments

10746 NE Wygant Street, Portland, OR 97220

Price:
$789,000
No. Units:
12
Building Size:
7,707 SF
Price/Unit:
$65,750
Property Type:
Multifamily
Property Sub-type:
Garden/Low-Rise
Property Use Type:
Investment
Commission Split:
3%
Cap Rate:
7.31%
Gross Rent Multiplier:
8.92
No. Stories:
1
Year Built:
1942
Lot Size:
19,500 SF
Tax ID / APN #:
R235160
Find Out More...

Last Verified 11/20/2009 Listing ID 16438696

Highlights

Turnkey Property - No Apparent Deferred Maintenance
Quality Construction: Roof, Siding, Parking Lot, & Paint Appear in Good Condition
Individual Storage Units in Basement

On-Site Laundry - Machines Owned by Owner
26 Parking Spaces to 12 Units
Good Occupancy Rate Past Two Years

Description

Turnkey Property - No apparent deferred maintenance.

Quality construction: roof, siding, parking lot, & paint appear to be in good condition. Storage & laundry in basement, & tenants cultivate a garden in the next-door lot.

From I-205, take exit 23A, head east on Sandy Blvd, turn south on NE 108th Avenue to NE Wygant Street.

Financial Summary

Unit Mix Information

Debt & Equity Information

Actual
Effective Gross Income
$88,497
Operating Expenses
$30,800
Net Operating Income
$57,697
Pre-Tax Cash Flow
$15,223

Description	No. Units	Avg. Mo. Rent	Sq. Ft.
Two Bedroom / Two Bath	12	$634	600

Map of 10746 NE Wygant Street, Portland, OR 97220 (Multnomah County)

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Presented by

Joseph Bernard Investment Real Estate

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Contact Listing Broker

Bernie Gehret (503) 546-9390

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Created 10/20/2009

Additional Information for 10746 Ne Wygant Street, Portland, OR 97220

Active For Sale - 1 Listing
Active For Lease - 0 Listing
Previously Listed - 1 Historic Listing
Sales Comparables Available - 0 RecentSales Record

View additional information for the property view other currently active listings, previous listings, sales comparables, public records, and county records data for this address.

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The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

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Multifamily Property For Sale - Berna Court Apartments

10746 NE Wygant Street, Portland, OR, 97220