1315 29th St Cody, WY 82414-3960
This exceptional investment opportunity presents a 16-unit apartment complex located at 1315 29th St, Cody, Wyoming, 82414. The property, built in 1980, sits on a substantial 33,000 square foot lot and is comprised of three separate buildings. The main building houses eight units, strategically designed with two stairwells for convenient access and two coin-operated laundry rooms for tenant convenience. Each unit within the main building offers the added security and flexibility of two entry/exit points. The remaining eight units are distributed across two additional buildings, each featuring four larger units. These units boast private exterior entrances and the added convenience of in-unit washer/dryer hookups. Significant improvements have been made to the property in recent years. All roofs have been replaced within the last decade, ensuring long-term structural integrity. Many units have undergone extensive renovations, including the installation of new windows, doors, flooring, and fresh paint. Several units also feature updated kitchen cabinets. This well-maintained property offers a compelling blend of established income generation and significant upside potential, making it an ideal addition to any investment portfolio. The asking price for this rare opportunity is $2,140,000.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.