3656 North Fork Hwy Cody, WY 82414

Property Details for 3656 North Fork Hwy

Year built

1978

Property type

Small apartment buildings

Description

This exceptional 8-unit apartment building presents a lucrative investment opportunity in Cody, Wyoming. Located on a spacious 239,580 square foot lot at 3656 North Fork Hwy, this commercially zoned property boasts breathtaking 360-degree views. Just 15 minutes from Cody and a short drive to Buffalo Bill Reservoir and Yellowstone National Park (45 minutes), this property enjoys a prime location. The building, constructed in 1978, has undergone recent renovations, including updated kitchens in all units featuring refrigerators, ranges/ovens, dishwashers, and microwaves. Significant upgrades include a 50-year roof, four new water heaters (two electric and two propane), and a new pressure tank. The septic system was inspected and permitted in 2023. Each unit benefits from partial fencing for privacy while maintaining expansive views. Currently, all units are occupied by long-term tenants under one-year leases. Unit #5, a studio with a full bath, is currently owner-occupied but could be combined with Unit #6 to create a larger two-bedroom, 2.5-bathroom unit. The diverse unit floor plans offer excellent potential for short-term rentals. The expansive commercially zoned vacant land provides ample opportunity for future development, including an RV park, storage facilities, commercial businesses, additional residential units, or other ventures. Asking price: $1,750,000.