2401 Grandview Pl - Apartments FOR SALE


Casper, WY 82604
$8,645,000 USD
307-235-5472
2401 Grandview Pl, Casper, WY for Sale
$8,645,000 USD
Apartments - FOR SALE
1/12
null | 8.3% Cap Rate

2401 Grandview Pl
Casper, WY 82604


HIGHLIGHTS

  • 67 residential units within a condo project
  • Strong in-place NOI of $712,172 (based on Seller provided info)
  • Stable occupancy and consistent rental income
  • Potential long-term exit via condo sell
  • Off strategy Turnkey investment with immediate cash flow
  • Attractive 8.3% cap rate at asking price (based on recent appraisal)

OVERVIEW

High-Yield 67-Unit Condo Portfolio | Strong In-Place Income | 8.3% Cap Rate Rare opportunity to acquire a 67-unit residential condo portfolio offering immediate scale, stable cash flow, and an attractive 8.3% cap rate at current operations. This asset delivers consistent in-place income supported by a diversified tenant base, making it well-suited for investors seeking reliable yield in today’s market. The property benefits from solid occupancy and established rental performance, with minimal reliance on pro forma assumptions. Investors can step into a stabilized asset with predictable revenue from day one. The condo structure provides additional strategic flexibility, including the potential for future unit-by-unit disposition (subject to market conditions and HOA guidelines), offering a compelling long-term value enhancement opportunity. This offering is ideal for yield-focused buyers, 1031 exchange investors, or groups seeking a scaled residential investment with both current income and optional upside.

FOR SALE DETAILS

PRICE

$8,645,000 USD

PRICE/SF

$113 USD /SF

# OF UNITS

67

PRICE/UNIT

$129,030

CAP RATE

8.3%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1972

PARKING SPACES

-

LAND DETAILS

LAND ACRES

7.93 AC

LAND SF

345,274 SF

ZONING

PLND UNIT DEV

APN/PARCEL ID

33-79-17-4-0-602200

ASK ABOUT THIS PROPERTY

Lisa BurridgeLB Group at LPT Realty, LLCMore Info
307-235-5472

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Lisa BurridgeLB Group at LPT Realty, LLCMore Info
307-235-5472

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.