Prime downtown Cody investment opportunity located just off Sheridan Avenue, the city’s main commercial strip. This multi-unit property offers stable income with upside potential:
- Main Floor (Retail Unit): Long-term lease in place with a coffee shop/restaurant under construction, scheduled to open by the end of September. Current rent: $4,400/month NNN.
- Upstairs Unit 1: One-bedroom suite previously operated as an Airbnb at $130/day when booked. Recently leased to the tenant’s manager at $875/month on a 6-month lease.
- Upstairs Unit 2 (Owner’s Suite): Currently owner-occupied, to be vacated upon sale. Market rental potential estimated at $2,000/month.
Current Monthly Income: $5,275
Pro Forma Potential Income: $7,275
With all units occupied and a long-term retail tenant secured, this property provides immediate income and strong investment potential in one of Wyoming’s most visited downtown districts.