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100 E 28th St
Cheyenne, WY 82001
Multifamily Property For Sale
·
2 Units
Investment Highlights
- Located in a pedestrian-friendly corridor with unobstructed views of the Capital Building.
- Features multiple dwellings, including a detached garage converted to a private carriage house
- Current operations include a functioning short-term rental unit with growth potential.
- Demonstrates a strong return profile with potential to significantly enhance rental yields over time.
- Mixed-Use Business zoning supports versatile applications such as professional office or residential uses.
- Value-add strategy supported by the ability to renovate units sequentially while maintaining income streams.
Executive Summary
This unique income property is a textbook value-add opportunity for a savvy investor ready to build a true cash cow. Located in a highly walkable district with direct views of the Capital Building, the property features a flexible multi-dwelling layout including a detached garage converted into a private carriage house and currently generates $3,100 a month with the main 3/2 unit owner occupied. One unit is a newly launched Airbnb with massive runway to optimize and increase rates, and the property already operates around a 9% Cap Rate when the owner-occupied unit is rented. Zoned Mixed-Use Business (MUB), the possibilities are endless for residential rentals, live/work spaces, or professional offices. This is the perfect chance to renovate one unit at a time, maximize market rents, and unlock massive upside in a prime location.
Property Facts
| Price Per Unit | $271,033 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.12 AC |
| No. Units | 2 | Building Size | 2,426 SF |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built | 1921 |
| Zoning | MUB | ||
| Price Per Unit | $271,033 CAD |
| Sale Type | Investment |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 2,426 SF |
| No. Stories | 1 |
| Year Built | 1921 |
| Zoning | MUB |
Property Taxes
| Parcel Number | 1-1001-0016-0005-2 | Improvements Assessment | $24,733 CAD |
| Land Assessment | $3,530 CAD | Total Assessment | $28,263 CAD |
Property Taxes
Parcel Number
1-1001-0016-0005-2
Land Assessment
$3,530 CAD
Improvements Assessment
$24,733 CAD
Total Assessment
$28,263 CAD
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