2504 Fertig DrWheatland, WY 82201

Property Details for 2504 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

246812201042CM

APU

246812201042CM

Description

This exceptional investment opportunity presents a four-unit apartment building located at 2504 Fertig Drive, Wheatland, Wyoming, 82201. The property, built in 1979, is zoned residential and offers a compelling price point of $275,000, or $68,750 per unit. Each of the four units boasts two bedrooms and one bathroom, featuring an open floor plan encompassing the living, dining, and kitchen areas. Convenience is enhanced by the inclusion of an on-site laundry facility within the building. Residents enjoy the benefit of off-street parking, providing convenient access for each unit. The property also features a pleasant front lawn area for each unit. The location offers additional appeal with a nearby park-like area complete with playground equipment, situated just south of the building. This property presents a strong potential for long-term rental income and capital appreciation in the Wheatland, Wyoming market. The property's solid construction and desirable features make it an attractive investment for both seasoned and new investors seeking a multifamily property in a stable residential area. The property is situated in Platte County and offers a prime location within the Wheatland community.

• 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

42.072

Longitude

-104.954

Property Tax & Assessments

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