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$8,645,000
5 Beds
2 Baths
71,676 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi-Family 4+
Listing Status Active
Square Footage 71,676 sqft
Subdivision Wy
MLS Listing ID 20262147
Style 2 Story
Bedrooms 5
Year Built 1972
Annual Tax Amount $18,911
Tax Year 2025
Lot Size 2.000 Acres
Acres 2.0
Property Sub-Type Multi-Family 4+
Property Description
High-Yield 67-Unit Condo Portfolio | Strong In-Place Income | 8.3% Cap Rate Rare opportunity to acquire a 67-unit residential condo portfolio offering immediate scale, stable cash flow, and an attractive 8.3% cap rate at current operations. This asset delivers consistent in-place income supported by a diversified tenant base, making it well-suited for investors seeking reliable yield in today's market. The property benefits from solid occupancy and established rental performance, with minimal reliance on pro forma assumptions. Investors can step into a stabilized asset with predictable revenue from day one. The condo structure provides additional strategic flexibility, including the potential for future unit-by-unit disposition (subject to market conditions and HOA guidelines), offering a compelling long-term value enhancement opportunity. This offering is ideal for yield-focused buyers, 1031 exchange investors, or groups seeking a scaled residential investment with both current income and optional upside. Highlights: 67 residential units within a condo project Strong in-place NOI of $712,172 (based on Seller provided info) Attractive 8.3% cap rate at asking price (based on recent appraisal) Stable occupancy and consistent rental income Potential long-term exit via condo sell-off strategy Turnkey investment with immediate cash flow
Location
State WY
County Natrona
Area Casper South
Zoning PLND UNIT DEV
Interior
Heating Baseboard, Electric
Cooling A/C Window Unit
Laundry Coin Operated
Exterior
Exterior Feature Frame-Lap
Parking Features None
Fence None
Building
Foundation Concrete
Sewer City
Water City
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