10304-10308 NE Wygant St | Portland, OR 97220
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- LoopNet Team
10304-10308 NE Wygant St
Portland, OR 97220
The Alicia Apartments · Multifamily Property For Sale
·
28 Units
INVESTMENT HIGHLIGHTS
- Twenty-eight Unit Value-Add Asset in the Parkrose Neighborhood of Portland, Oregon
- Approximately Half of Units Upgraded with LVT Flooring, New Cabinetry, Paint and Fixtures
- Straightforward Value-Add Opportunity: Continuation of Unit Renovations with Exterior Renovations Completed
- Significant Recent Capital Improvements Since 2020: New Roof/Gutters, Siding, Windows and Fencing
- Studio-Heavy Property Offers Naturally Affordable Housing While Generating High Rent/Square Foot
- Achievable Upside: Rents at 13.6% Below Market Levels Offering Realistic NOI Growth
PROPERTY FACTS
| No. Units | 28 | Lot Size | 0.89 AC |
| Property Type | Multifamily | Building Size | 15,600 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1973/2020 |
| Building Class | C | Parking Ratio | 2.5/1,000 SF |
| Zoning | RM1 | ||
| No. Units | 28 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.89 AC |
| Building Size | 15,600 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1973/2020 |
| Parking Ratio | 2.5/1,000 SF |
| Zoning | RM1 |
AMENITIES
UNIT AMENITIES
- Balcony
- Dishwasher
- Refrigerator
- Oven
- Range
- Tub/Shower
- Deck
SITE AMENITIES
- Laundry Facilities
- Storage Space
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 16 | - | 300 - 400 |
| 1+1 | 8 | - | 600 |
| 2+1 | 4 | - | 750 |
PROPERTY TAXES
| Parcel Number | R235136 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,608,820 |
PROPERTY TAXES
Parcel Number
R235136
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,608,820
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