89 Farson 1st North rd - Apartments FOR SALE


Farson, WY 82932
$389,000 USD
307-749-9505
89 Farson 1st North rd, Farson, WY for Sale
$389,000 USD
Apartments - FOR SALE
1/27
null | 7.71% Cap Rate

89 Farson 1st North rd
Farson, WY 82932


HIGHLIGHTS

  • Land has lots of Potential
  • Could add more Units
  • Live on the property and Rent out units

OVERVIEW

What a great time for an investment property. The North Apartment Building is a Tri-Plex with (2) 1 Bedroom/1 Bath Units & (1) 2 Bedroom/1 Bath Unit in the basement. The South Apartment Building is a Duplex with (2) 2 Bedroom/1 Bath Units - 1 Upstairs & 1 Basement. There is a Wash House on-site. There are 5 Rentable Units and 2 Additional Full Hook-Up RV or Mobile Home spaces. There is also 1 Foundation ready for a stick-built or modular home/apartment all setting on 8.27 Acres. Approx. 3.5 Acres can be used for for livestock or horses and Eden Valley Irrigation District Water Rights which make this a Great Opportunity!!! Upstairs and Basement Units have been recently remodeled in 2025. The property also could be partly rezoned to agriculture. This property could easily be lived on while making income from the rentals. Units are currently vacant due to owner wanting to sell but were renting for $650-$800 a month.

FOR SALE DETAILS

PRICE

$389,000 USD

PRICE/SF

$98 USD /SF

# OF UNITS

5

PRICE/UNIT

$77,800

CAP RATE

7.71%

% LEASED

0%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1945

PARKING SPACES

-

LAND DETAILS

LAND ACRES

8.27 AC

LAND SF

360,241 SF

ZONING

Residential

APN/PARCEL ID

0000-66-1-34-272-34

ASK ABOUT THIS PROPERTY

Becky ThomanMeadow Lake Real Estate LLCMore Info
307-749-9505

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Becky ThomanMeadow Lake Real Estate LLCMore Info
307-749-9505

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