404 10th St
$450,000
404 10th St, Wheatland, WY 82201
3,074 sqft
Building Size
1944
Year Built
Details:
Description:
Seller carry at 5% offered! This well-maintained 5-unit income property is a prime investment opportunity in a desirable area. It features four 1-bedroom, 1-bath units and one 2-bedroom, 1-bath unit with washer/dryer hookups, all with new flooring. Recent flood-related renovations left several units vacant, offering upside for leasing at market rates with a pro-forma cap rate of 7.6%. A rare earth mineral mine west of Wheatland, set to ramp up in 2026, adds further growth potential. The detached 5-car garage assigns one spot per tenant, though previously used by the owner. Gas is owner-paid; electric, water, and sewer are separately metered, reducing costs. Perfect for investors seeking cash flow and value-add potential in a high-demand market.
Location
Gallery
