4202 Cheyenne St - Cheyenne Street Tri-Plex 3 Unit Apartment Building Offered at $429,000 Cheyenne, WY 82001

Positioned on a spacious 1-acre lot just off the high-traffic intersection of Pershing Blvd and College Drive, this fully occupied triplex presents a compelling income-producing opportunity in a desirable location. The property consists of a side-by-side duplex, each unit offering 2 bedrooms and 1 bathroom with private fenced yards. A second structure on the property provides an additional 3-bedroom, 2-bath unit with a large primary suite, expanding the property’s appeal to larger households and maximizing rental potential.
Currently 100% occupied, the asset generates immediate cash flow from day one. All leases are structured month-to-month, offering investors rare operational flexibility to adjust rents to market rates, reposition the property, or implement a value-add strategy without long-term lease constraints.
With a full acre of land in a location near major traffic corridors and amenities, the property also offers compelling long-term upside. Investors can continue operating it as an income asset, pursue rental increases, or explore expansion or redevelopment opportunities to further enhance returns.
Don't miss your chance to acquire a cash-flowing multi-unit property with both immediate income and meaningful value-add potential. Ideal for investors seeking to grow or diversify their portfolio.