845 Fort St Buffalo, WY 82834

Property Details for 845 Fort St

Year built

1954

Construction

FRAME

Lot size

0.49 lot acres

Property size

7,920 SF

Property type

Residential income homes

Property subtype

Small apartment buildings

APN

R0004382

APU

R0004382

Description

This exceptional investment opportunity presents a 9-unit apartment building situated on a sprawling 21,344-square-foot lot in Buffalo, Wyoming (82834). The property boasts a total of 9,000 square feet and features a mix of unit sizes, including a spacious 2,300-square-foot main apartment. Additional income is generated from nine separate storage units, six measuring 10x10 feet, two at 10x30 feet, and one at 10x5 feet. The building, constructed in 1954, is comprised of concrete block and stucco exterior with a flat roof. Heating is provided by a combination of baseboard, electric, and forced-air gas systems, while cooling is achieved through wall units and an attic fan. The property includes four off-street parking spaces. The building is connected to city water and sewer. Annual expenses total $21,300, including electricity ($8,000), gas ($2,000), insurance ($4,000), miscellaneous ($1,000), supplies ($1,500), trash ($800), and water ($4,000). The property generates an annual income of $66,000, resulting in a net operating income (NOI) of $44,700. The asking price is $650,000, translating to $72.22 per square foot and $72,222.22 per unit. The property is zoned B1 and is located within the Mtn Drive subdivision. Individual unit sizes and rents vary, ranging from 350 square feet at $400 per month to the 2300 square foot unit at $1000 per month. This property offers significant potential for a strong return on investment.

Location Insight

City

Buffalo

County

Johnson

State

Wyoming

Longitude

-106.714

Latitude

44.3479

Property Tax & Assessments