2341 C St Torrington, WY 82240

Property Details for 2341 C St

Year built

1920

Property size

2,195 SF

Property type

Residential income homes

Description

This exceptional investment opportunity presents a three-unit multifamily property located at 2341 W C St, Torrington, Wyoming, 82240. The portfolio comprises three separate homes situated on a combined 14,000 square foot lot, offering a unique blend of individual living spaces and collective investment potential. The property boasts a total of 2,195 square feet of net rentable space, currently achieving 100% occupancy with long-term, high-quality tenants. The units are meticulously maintained and feature a mix of sizes and amenities. Unit 1 is a spacious two-story home with three bedrooms and 1.75 bathrooms. Unit 2 offers a smaller living space with a fenced yard, while Unit 3 includes a single bedroom, one bathroom, and a covered carport for two vehicles, plus a toolshed. Built in 1920, the property is zoned for multi-family use and offers a current NOI of $18,000, with a pro-forma NOI projected at $25,800, resulting in a pro-forma cap rate of 10.75%. The asking price is $240,000, translating to $80,000 per unit. The seller is not willing to sell the units individually. This is a turnkey investment ideal for an owner-user seeking a strong return on investment in a stable market. The current occupancy date is October 14, 2024.

Location Insight

City

Torrington

County

Goshen

State

Wyoming

Longitude

-104.189

Latitude

42.0679