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89 Farson 1st North rd 5 Unit Apartment Building $543,013 CAD ($108,603 CAD/Unit) 7.71% Cap Rate Farson, WY 82932
INVESTMENT HIGHLIGHTS
- Land has lots of Potential
- Live on the property and Rent out units
- Could add more Units
EXECUTIVE SUMMARY
What a great time for an investment property. The North Apartment Building is a Tri-Plex with (2) 1 Bedroom/1 Bath Units & (1) 2 Bedroom/1 Bath Unit in the basement. The South Apartment Building is a Duplex with (2) 2 Bedroom/1 Bath Units - 1 Upstairs & 1 Basement. There is a Wash House on-site. There are 5 Rentable Units and 2 Additional Full Hook-Up RV or Mobile Home spaces. There is also 1 Foundation ready for a stick-built or modular home/apartment all setting on 8.27 Acres. Approx. 3.5 Acres can be used for for livestock or horses and Eden Valley Irrigation District Water Rights which make this a Great Opportunity!!! Upstairs and Basement Units have been recently remodeled in 2025. The property also could be partly rezoned to agriculture. This property could easily be lived on while making income from the rentals. Units are currently vacant due to owner wanting to sell but were renting for $650-$800 a month.
PROPERTY FACTS
AMENITIES
SITE AMENITIES
- 24 Hour Access
- Gas Range
- Trash Pickup - Curbside
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 2 | $907.35 CAD | - |
| 2+1 | 3 | $1,117 CAD | - |
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Presented by
Meadow Lake Real Estate LLC
89 Farson 1st North rd
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