321 18Th StCheyenne, WY 82001

Property Details for 321 18Th St

Year built

1916

Construction

FRAME

Lot size

0.13 AC

Property size (Sq ft)

3,040 SF

Zone code

MUR

Property type

Residential income homes

Property subtype

Small apartment buildings

APN

11001035900010

APU

11001035900010

Description

This well-maintained, 1916-built, two-story Class B apartment building at 321 E 18th St, Cheyenne, Wyoming, presents a compelling value-add investment opportunity. The property consists of a four-unit apartment building (4-plex) totaling 3,446 square feet, situated on a corner lot in a prime location just blocks from Cheyenne Regional Medical Center and downtown Cheyenne. Each unit offers one bedroom and one bathroom. Ground floor units feature individual entrances, while the second-floor units access a shared corridor via a charming spiral staircase. Convenient on-site coin-operated laundry facilities are located in the basement for tenant use. The property provides one off-street parking space per unit. The xeriscaped grounds require minimal maintenance. This Laramie County property offers easy access to local amenities and presents a strong potential for rental income growth. The asking price is $495,000. This is a freehold property, not subject to a ground lease.

• CAP approach

  CAP return

  Valuation

  6%

  $900,651

  6.5%

  $831,370

  7%

  $771,986

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,237,314

  Geo Method

  $389,305

• Alternative Use

  Use

  Valuation

  Residential

  $831,370

  Hospitality

  $761,530

  Educational

  $633,584

  Medical

  $655,374

  Retail

  $985,576

Location Insight

City

Cheyenne

County

Laramie

State

Wyoming

Latitude

41.1359

Longitude

-104.812

CBSA code

16940

CBSA name

CHEYENNE, WY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].