2406 Fertig DrWheatland, WY 82201

Property Details for 2406 Fertig Dr

Year built

1979

Construction

FRAME

Lot size

0.19 AC

Property size (Sq ft)

3,400 SF

Property type

Residential income properties

Property subtype

Residential income homes

APN

246812201046CM

APU

246812201046CM

Description

This exceptional investment opportunity presents a well-maintained four-unit apartment building located at 2406 Fertig Drive in Wheatland, Wyoming. Built in 1979, this two-story structure sits on an 8,145 square foot lot and offers a total of 3,200 square feet of net rentable space. The property is zoned residential and features four units, each boasting two bedrooms and one bathroom. Each unit includes an open floor plan encompassing the living, dining, and kitchen areas, along with convenient on-site laundry facilities. Residents enjoy the benefit of one off-street parking space per unit. The property's attractive landscaping includes a well-maintained front lawn for each building, and is complemented by a nearby park-like area with playground equipment. The asking price for this multifamily property is $275,000. This presents a strong potential for long-term rental income and appreciation in a desirable Wheatland location. The property's solid construction and desirable features make it an ideal addition to any investment portfolio. The convenient location and amenities make it attractive to renters. This is a turnkey opportunity for immediate income generation.

• CAP approach

  CAP return

  Valuation

  6%

  $1,007,307

  6.5%

  $929,822

  7%

  $863,406

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,383,838

  Geo Method

  $435,407

• Alternative Use

  Use

  Valuation

  Residential

  $929,822

  Hospitality

  $851,712

  Educational

  $708,614

  Medical

  $732,984

  Retail

  $1,102,289

Location Insight

City

Wheatland

County

Platte

State

Wyoming

Latitude

42.0712

Longitude

-104.954

Property Tax & Assessments

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