2408 Fertig DrWheatland, WY 82201

Property Details for 2408 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

246812201045CM

APU

246812201045CM

Description

This exceptional investment opportunity presents a well-maintained four-unit apartment building located at 2408 Fertig Drive, Wheatland, Wyoming, 82201. The property, built in 1979, boasts a total of 3,200 square feet of net rentable space, situated on an 8,145 square foot lot. The two-story building comprises four units, each featuring two bedrooms and one bathroom. Each unit offers an open floor plan encompassing the living, dining, and kitchen areas, and includes convenient on-site laundry facilities. Residents enjoy the benefit of one off-street parking space per unit. The property is zoned for residential use and benefits from a pleasant front lawn area for each unit. A nearby park-like area with playground equipment adds to the property's appeal. The asking price for this multifamily property is $275,000. This presents a strong opportunity for investors seeking a stable, income-generating asset in a desirable location. The property's solid construction and desirable features make it an attractive option for long-term investment.

• 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

42.0714

Longitude

-104.954

Property Tax & Assessments

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