2341 C StTorrington, WY 82240

For Sale
$240,000

Three-unit rental portfolio, high ROI.

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional investment opportunity presents a three-unit multifamily property located at 2341 W C St, Torrington, Wyoming, 82240. The portfolio comprises three separate homes situated on a combined 14,000 square foot lot, offering a unique blend of individual living spaces and collective investment potential. The property boasts a total of 2,195 square feet of net rentable space, currently achieving 100% occupancy with long-term, high-quality tenants. The units are meticulously maintained and feature a mix of sizes and amenities. Unit 1 is a spacious two-story home with three bedrooms and 1.75 bathrooms. Unit 2 offers a smaller living space with a fenced yard, while Unit 3 includes a single bedroom, one bathroom, and a covered carport for two vehicles, plus a toolshed. Built in 1920, the property is zoned for multi-family use and offers a current NOI of $18,000, with a pro-forma NOI projected at $25,800, resulting in a pro-forma cap rate of 10.75%. The asking price is $240,000, translating to $80,000 per unit. The seller is not willing to sell the units individually. This is a turnkey investment ideal for an owner-user seeking a strong return on investment in a stable market. The current occupancy date is October 14, 2024.

Highlights

  • $240,000 asking price for a three-unit multifamily investment property in Torrington, Wyoming.
  • 7.5% current cap rate, with a pro-forma cap rate of 10.75%.
  • 100% occupancy, generating $18,000 annual NOI (projected $25,800).
  • Three buildings totaling 2,195 square feet on a 14,000 square foot lot, built in 1920.
  • $80,000 per unit price.

Property Details for 2341 C St

Property type
Multifamily properties, Residential income homes
Square Feet
2,195 SF
Year Built
1920
Buildings
3
Stories
2
Units
3

Location Insight

City
Torrington
County
Goshen
State
Wyoming
Latitude
42.067893883023
Longitude
-104.188847063
2341 C St, Torrington, Wyoming

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2341 C St
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