813 Loucks StSheridan, WY 82801

Property Details for 813 Loucks St

Year built

1905

Property size (Sq ft)

4,699 SF

Property type

Residential income properties

Property subtype

Multifamily properties

Description

This charming 7-unit apartment building, nestled near Kendrick Park in Sheridan, Wyoming, presents a unique value-add investment opportunity. Built in 1905 and extensively renovated in 2020, the property boasts 4,699 square feet across two buildings and two stories. It features eight parking spaces and sits on a 14,621 square foot lot. Currently operating as a mix of long-term and short-term rentals, the property has a proven track record and established clientele. The permitted zoning allows for both short and long-term use, making it ideal for expansion into a boutique hotel or extended-stay facility. Its prime location offers easy walking access to downtown Sheridan, parks, and local amenities. The property's historic charm and proximity to attractions make it perfectly positioned to capitalize on the growing tourism industry in the area. With seven existing units and the potential for an eighth, this property offers significant upside potential for an investor looking to maximize rental income. The recent renovations ensure the property is in excellent condition, minimizing immediate capital expenditures. This is a rare opportunity to acquire a well-established, high-potential property in a thriving Wyoming community. The asking price is $1,799,000, with a price per square foot of $383.

Location Insight

City

Sheridan

County

Sheridan

State

Wyoming

Latitude

44.7976

Longitude

-106.968

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.