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845 Fort St Buffalo, WY 82834

Sponsored
For Sale
$650,000

9-Unit Apartment Building, High NOI

Property size:
9,000 SF

Description

Added:
Dec 11, 2024
Days on Market:
392
This exceptional investment opportunity presents a 9-unit apartment building situated on a sprawling 21,344-square-foot lot in Buffalo, Wyoming (82834). The property boasts a total of 9,000 square feet and features a mix of unit sizes, including a spacious 2,300-square-foot main apartment. Additional income is generated from nine separate storage units, six measuring 10x10 feet, two at 10x30 feet, and one at 10x5 feet. The building, constructed in 1954, is comprised of concrete block and stucco exterior with a flat roof. Heating is provided by a combination of baseboard, electric, and forced-air gas systems, while cooling is achieved through wall units and an attic fan. The property includes four off-street parking spaces. The building is connected to city water and sewer. Annual expenses total $21,300, including electricity ($8,000), gas ($2,000), insurance ($4,000), miscellaneous ($1,000), supplies ($1,500), trash ($800), and water ($4,000). The property generates an annual income of $66,000, resulting in a net operating income (NOI) of $44,700. The asking price is $650,000, translating to $72.22 per square foot and $72,222.22 per unit. The property is zoned B1 and is located within the Mtn Drive subdivision. Individual unit sizes and rents vary, ranging from 350 square feet at $400 per month to the 2300 square foot unit at $1000 per month. This property offers significant potential for a strong return on investment.

Property Features for 845 Fort St

General Information

Property type
Multifamily properties
Square Feet
9,000 SF
Lot Size
929,744,640 SF

Building Details

Units
9

HighLights

  • Multi‑family property (10 units).
  • 4+ unit multi‑family building.
  • Currently listed for sale.
  • Located in Johnson County, zip code 82834.
  • Built in 1954, 9,000 square feet.
  • 10 units on a 21,480 square foot lot, B1 zoning.
Property Profile Location Intelligence

Current Use by Public Records

Commercial real estate

Suggested Use

Realty agency Law Firm Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Buffalo
County
Johnson
State
Wyoming
Longitude
-106.7144338
Latitude
44.3479064

FAQs

What type of property is this?
Multifamily property - 9-Unit Apartment Building, High NOI
Where is this multifamily property located?
The property is located at 845 Fort St Buffalo, WY.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Multi-family property (10 units).; 4+ unit multi-family building.; Currently listed for sale.
More about this property
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