52 16th St Wheatland, WY 82201-3515
This exceptional investment opportunity presents a 23-unit apartment building situated on a 0.9-acre lot in Wheatland, Wyoming. The property, built in 1998, boasts a total of 14,995 square feet across two buildings and is zoned for Highway Business use. Originally designed as senior housing, this versatile property offers a multitude of redevelopment possibilities. The existing configuration includes 23 apartment units, each featuring a private 3/4 bathroom and a living area/bedroom. Several units also include kitchenettes equipped with a sink, small refrigerator, and microwave. Adding to the property's appeal are 16 storage units and 4 garages, providing ample additional income streams. The main floor encompasses a spacious living room with a fireplace, a sunroom, a dining room connected to a commercial kitchen, three offices, and two laundry facilities, along with a beauty shop. Exterior amenities include a wrap-around covered porch, a gazebo, Pella windows, central air conditioning, underground sprinklers, a newer roof, a fire suppression system, a hydraulic elevator, off-street parking for 10 vehicles, and a backup generator for essential equipment. The property is beautifully landscaped and enjoys a mountain view. With its substantial lot size (39,200 square feet), there's potential for future expansion. The asking price for this unique property is $750,000.
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
Property description
Physical attributes from public recordsZoning & alternative use
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.