404 10Th St Wheatland, WY 82201
Five-unit income property with upside potential in Wheatland, Wyoming.
Building Details
- Year built
- 1944
Source:
Cbcworldwide
Listing Agent: Mariah Jeffery
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Well-Maintained Five-Unit Income Property
This well-maintained income property features five units: four 1-bedroom, 1-bath units and one 2-bedroom, 1-bath unit. Each unit is equipped with washer and dryer hookups and new flooring. The property includes a detached 5-car garage, providing one parking spot per tenant. Gas is paid by the owner, while electric, water, and sewer are separately metered. The property is located in a desirable area and presents a prime investment opportunity. Recent flood-related renovations have left several units vacant, offering the potential for leasing at market rates with a pro-forma cap rate of 8.6%. A rare earth mineral mine west of Wheatland, set to ramp up in 2026, adds further growth potential. This property is perfect for investors seeking cash flow and value-add potential in a high-demand market.
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Wheatland
- County
- Platte
- State
- Wyoming
- Longitude
- -104.954547
- Latitude
- 42.05166
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FAQs
What type of property is this?
Apartment building - Five-unit income property with upside potential in Wheatland, Wyoming.
Where is this apartment building located?
The property is located at 404 10Th St Wheatland, WY.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: - Seller financing available at 5% interest with 25% down payment.; - 8.6% pro-forma cap rate offers significant income potential.; - Upside potential from leasing vacant units at market rates after recent renovations.
