Property profile

2341 C St Torrington, WY 82240

OFF-MARKET
Residential income homes
2,195 SF Built 1920
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Residential income homes
Year built 1920
Total area 2,195 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

2341 C St Torrington, WY 82240
Torrington metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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