404 10th St - Apartments FOR SALE


Wheatland, WY 82201
$400,000 USD
571-244-8938
404 10th St, Wheatland, WY for Sale
$400,000 USD
Apartments - FOR SALE
1/37
null | 9.32% Cap Rate

404 10th St
Wheatland, WY 82201


HIGHLIGHTS

  • Cap Rate of 9.32%
  • Potential upside to 10.4% cap if renting out garage spaces
  • Seller carry offered at 5% interest rate/25% down

OVERVIEW

This 5 plex currently has all 5 units rented and is currently operating at a 9.32% Cap with upside potential. Unit Current rents: 1 Unit 1: (2 bed, 1 bath) $1,500/mo including utilities, month-to-moth 2 Unit 2: $800/mo including utilities, month-to-moth 3 Unit 3: $700/mo plus utilities, 6 month lease, started March 1, 2026 3.5 Unit 3.5: $800/mo including utilities, month-to-moth 4 Unit 4: $800/mo including utilities, month-to-moth There is a large garage with 5 separate units that is currently being used by the owner for storage. This offers additional income opportunity for the new owner to lease these units and raise the rent. Estimating an additional $500/month income from renting out the 5 garage stalls, the pro-forma cap rate is approximately 10.41%. Seller *may* carry at a minimum of 25% down (non-negotiable) and 5% interest rate with a 5 year balloon (max).

FOR SALE DETAILS

PRICE

$400,000 USD

PRICE/SF

$108 USD /SF

# OF UNITS

5

PRICE/UNIT

$80,000

CAP RATE

9.32%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

404 10th St 5Plex

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1944

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.33 AC

LAND SF

14,163 SF

ZONING

Residential

APN/PARCEL ID

R0002910

ASK ABOUT THIS PROPERTY

Mariah JefferyColdwell Banker - The Property Exchange, Inc.More Info
571-244-8938

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Mariah JefferyColdwell Banker - The Property Exchange, Inc.More Info
571-244-8938

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