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
Parcel Number | 1-8285-0001-0004-0 | Improvements Assessment | $71,922 |
Land Assessment | $5,072 | Total Assessment | $76,994 |