Current Use by Public Records
- Apartment buildings
Property Details for 744 Loucks St
- Year built
- 2024
- Lot size
- 4,792.00 lot acres
- Property type
- Apartment buildings
Description
This exceptional investment opportunity presents a brand-new, three-unit apartment building located at 744 E Loucks St, Sheridan, Wyoming, 82801. Built in 2024, this property boasts 1,920 square feet of net rentable space, spread across a single-story building on a generous 4.792-acre lot. The asking price is $625,000, translating to $325.52 per square foot and $208,333.33 per unit. The property features low-maintenance steel siding and zero-scape landscaping, minimizing upkeep costs. Currently, two of the three units are leased, generating a Net Operating Income (NOI) of $46,800, resulting in a 6.00% capitalization rate. The property is zoned R2, offering potential for future development or expansion. This turnkey investment is ideal for those seeking a hassle-free entry into the rental market, with the possibility of owner occupancy. The property's location in Sheridan County, Wyoming, provides a stable and attractive rental market. This is a rare opportunity to acquire a newly constructed, high-performing multifamily property with significant potential for long-term growth and passive income.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Sheridan
- County
- Sheridan
- State
- Wyoming
- Longitude
- -106.959
- Latitude
- 44.8102
