744 Loucks StSheridan, WY 82801

Property Details for 744 Loucks St

Year built

2024

Lot size

4,792.00 AC

Property size (Sq ft)

1,920 SF

Property type

Residential income properties

Property subtype

Multifamily properties

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.

Location Insight

City

Sheridan

County

Sheridan

State

Wyoming

Latitude

44.8102

Longitude

-106.959

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at support@realmo.com and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at support@realmo.com.