1793 Spring Ct 4 Unit Apartment Building $969,000 ($242,250/Unit) 5.97% Cap Rate Cheyenne, WY 82009

INVESTMENT HIGHLIGHTS

  • Excellent Location that leads to high occupancy rate
  • Close to grocery stores, shopping, dining, entertaining options within walk in distance yet very quite neighborhood
  • 2bed and 2 bath with private attached gargae
  • Open floor plan. Each unit has a balcony or patio

EXECUTIVE SUMMARY

Location, Location, Location! This exceptional and fully occupied 4-plex is strategically located in the bustling heart of Cheyenne, which naturally leads to a low vacancy rate. Each spacious unit boasts 2 bedrooms and 2 bathrooms with a large living room, kitchen, laundry, balcony/patio, and private attached garage. This has the unbeatable advantage of being within walking distance to the Frontier shopping mall, Sprouts, Target, Hobby Lobby, Sam's Club, Walmart, Walgreens, and a wide selection of popular restaurants. With a solid rental history and great construction quality, this property is an unrivaled investment opportunity. No other multifamily property in the area can match its prime location and outstanding convenience. Each unit has separate utility meters; tenants handle their own utility payments. Do not miss this lucrative opportunity.

PROPERTY FACTS

Price $969,000
Price Per Unit $242,250
Sale Type Investment
Cap Rate 5.97%
Sale Condition 1031 Exchange
No. Units 4
Property Type Multifamily
Property Subtype Apartment
Apartment Style Townhome
Lot Size 0.23 AC
Building Size 4,400 SF
Average Occupancy 100%
No. Stories 2
Year Built 2018
Parking Ratio 0.91/1,000 SF

AMENITIES

UNIT AMENITIES

  • Air Conditioning
  • Cable Ready
  • Dishwasher
  • Washer/Dryer
  • Heating
  • Kitchen
  • Refrigerator
  • Range
  • Tub/Shower
  • Carpet
  • Double Pane Windows
  • Smoke Free
  • Window Coverings

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
2+2 4 - 1,100

PROPERTY TAXES

  • Listing ID: 35281188

  • Date on Market: 3/27/2025

  • Last Updated:

  • Address: 1793 Spring Ct, Cheyenne, WY 82009