511 W 6TH ST
Property 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.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $760,000 |
| No. of Units: | 4 |
| Year Built: | 1972 |
| Lot Size: | 3,510.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $190,000 |
| Property Website | Click Here |
| Number of Bedrooms: | 11 |
| Number of Bathrooms: | 4 |
ID: 3yd-CBRWY-102319
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