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.
Opportunity awaits. .. .With the population boom that is expected to hit Cheyenne this summer, it's the perfect time to invest in real estate. These updated units are primed to go up in rents and value. Two duplexes on one lot. Updated cabinets, baths with laundries in the units. Perfect opportunity to live in one and rent out the other. If you are looking for more units there is another 4 Plex and two duplexes, all in the same area.
Year
Property tax
Land + Additions
Assessment*
2021
$2,080 (+8.5%)
$4,722 + $24,025
$28,747
2020
$1,917 (+2.2%)
$4,722 + $21,854
$26,576
2019
$1,876 (+5.9%)
$4,722 + $21,854
$26,576
2018
$1,771 (+14.2%)
$4,722 + $21,255
$25,977
2017
$1,551 (+8.1%)
$2,958 + $18,530
$21,488
2016
$1,435 (−15.7%)
$2,958 + $18,530
$21,488
2015
$1,702 (+4.3%)
$2,699 + $17,186
$19,885
2014
$1,632
$2,732 + $19,726
$22,458
Public record
Beds
—
Baths
2
Stories
1
Lot width
—
Lot depth
—
Lot size
0.27 Acres
Year renovated
—
Finished Sq. Ft.
1,908
Unfinished Sq. Ft.
—
Total Sq. Ft.
1,908
Year built
1972
Style
Multi-Family (2-4 Unit)
County
Laramie County
APN
18365065200040
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Apr 29, 2024.
Historical weather
Cheyenne, WY • 82007
Average low and high temperatures (°F)
37
17
45
22
57
32
57
32
65
42
78
51
86
58
80
55
73
48
64
38
50
28
49
27
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
90/ 100
Exceptional sunlight
Sunscore
This home receives average direct sun exposure in Cheyenne. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
10.4 hrs
5.7 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 511 W 6th ST St
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