914 Hot Springs Ave - Apartments FOR SALE


Cheyenne, WY 82001
$537,900 USD
307-635-0336
914 Hot Springs Ave, Cheyenne, WY for Sale
$537,900 USD
Apartments - FOR SALE
1/3
null | Request Cap Rate

914 Hot Springs Ave
Cheyenne, WY 82001


HIGHLIGHTS

  • Affordable rental rates
  • Beautiful hardwood floors
  • Convenient neighborhood amenities

OVERVIEW

This property has an exceptional rental history with a low vacancy rate. Located in the east central part of the City of Cheyenne, WY, it is close to schools, restaurants, automotive services, family recreation & more. Investing in the Cheyenne housing market at this time is very advantageous with the exciting economic development in this city at this time. With Microsoft expanding its footprint here with 3 new centers presently under construction, the recent announcement of the mega development of Meta, parent of Facebook, Instagram & more, beginning construction this summer & the multi-billion dollar Sentinel missile replacement with F. E. Warren AFB, it is definitely time to get in on the "ground floor. Rarely will you find a mid-priced apartment building with garages, and this unit has just that - a 4-car detached garage with an independent garage for each unit. With vinyl exterior siding on both the building & garages, exterior maintenance for the structures is minimal. This property is well maintained to include the replacement of all 4 furnaces for the individual units just 2 years ago. This is a first-class investment opportunity. More details are available. The present owners will be participating in a 1031 tax-deferred exchange so they are asking that the buyer(s) acknowledge & accept these conditions.

FOR SALE DETAILS

PRICE

$537,900 USD

PRICE/SF

$187 USD /SF

# OF UNITS

4

PRICE/UNIT

$134,475

CAP RATE

Request Cap Rate

% LEASED

75%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

914 Hot Springs Ave Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1959

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,712 SF

ZONING

MR

APN/PARCEL ID

1-4956-0001-0001-0

ASK ABOUT THIS PROPERTY

Linda WeppnerCentury 21 Bell Real EstateMore Info
307-635-0336

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Linda WeppnerCentury 21 Bell Real EstateMore Info
307-635-0336

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