Residential Income in Cheyenne

$760,000

511 6th St, 82007, Cheyenne, WY

Residential Income for sale in Cheyenne, 511 6th St, 82007, 3510 m²

511 6th St, 82007, Cheyenne, WY

$760,000

11Bed
4Bath
3510m²
Type: Residential Income

Description

Fully occupied four-unit investment property in Cheyenne’s Stanfield Addition! This unique offering consists of four individually titled condominiums, including two 3-bedroom/1-bath units and two 2-bedroom/1-bath units, totaling approximately 3, 510 SF. Current rents total $5, 300/month, or $63, 600 annually, with three leases renewed through September 2027 and one unit month-to-month, providing potential for increased rent at turnover. Recent capital improvements include two new furnaces and four A/C coils, electrical upgrades, drainage improvements, new concrete parking, exterior repairs, and updates to Unit 513. Approximately $80, 000 in improvements have been completed since the current owner’s purchase in 2024. HOA dues include building insurance, water, sewer, trash, reserves, and exterior maintenance. Buyer will take sole control of the HOA and its governing decisions. Offered at $760, 000 with a documented $900, 000 bank appraisal. Individual titles provide flexibility for ownership, financing, and future disposition.

Agent Information

Location

511 6th St, 82007, Cheyenne, WY

Data

Object TypeResidential Income
Purchase Price$760,000
Living Space3510 m²
Plot Size1133.12 m²
Bathrooms4
Construction Year1972
ConditionNot specified
RoomsN/A

Energy Information

Heating TypeForced Air
Primary Energy SourceN/A
Construction Year1972
Energy CertificateN/A
Final Energy DemandN/A
Certificate Valid UntilN/A
Energy Efficiency ClassN/A

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