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$8,645,000
2± Acres
Active
Natrona County, WY
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2401 Grandview, Casper, Wyoming

MLS ID: 20262147
Status: Active
Price: $8,645,000
Acres: 2±
Type: Multi-Family
Address: 2401 Grandview
City, State: Casper, WY
County: Natrona County
ZIP Code: 82601
Lat/Long: 42.827229, -106.342893
Year Built: 1972

Description

High-Yield 67-Unit Condo Portfolio | Strong In-Place Income | 8.3% Cap Rate Rare opportunity to acquire a 67-unit residential condo portfolio offering immediate scale, stable cash flow, and an attractive 8.3% cap rate at current operations. This asset delivers consistent in-place income supported by a diversified tenant base, making it well-suited for investors seeking reliable yield in today’s market. The property benefits from solid occupancy and established rental performance, with minimal reliance on pro forma assumptions. Investors can step into a stabilized asset with predictable revenue from day one. The condo structure provides additional strategic flexibility, including the potential for future unit-by-unit disposition (subject to market conditions and HOA guidelines), offering a compelling long-term value enhancement opportunity. This offering is ideal for yield-focused buyers, 1031 exchange investors, or groups seeking a scaled residential investment with both current income and optional upside. Highlights: 67 residential units within a condo project Strong in-place NOI of $712,172 (based on Seller provided info) Attractive 8.3% cap rate at asking price (based on recent appraisal) Stable occupancy and consistent rental income Potential long-term exit via condo sell-off strategy Turnkey investment with immediate cash flow

Additional Information

Interior

Appliances: Range/Oven
Cooling: A/C Window Unit
Heating: Baseboard, Electric

Exterior

Electric: Rocky Mountain Power
Exterior Features: Frame-Lap
Foundation Details: Concrete
Irrigation Source: Grounds
Lot Size Square Feet: 71676
Water Source: City

Financial/HOA/Schools

Subdivision Name: Grandview
Water Sewer Expense: City
Zoning: PLND UNIT DEV

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Travis Hill

Travis Hill

Cody, Wyoming

(307) 272-8909

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All information should be independently reviewed and verified for accuracy. IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information current as of May 11, 2026 at 12:00:00 AM UTC.

Information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. The data relating to real estate on this web site comes in part from the Wyoming MLS Internet Data Exchange Program. Real estate listings held by brokerage firms other than the listing office named are marked with the Wyoming MLS IDX logo and detailed information about them includes the name of the listing broker. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Listed By: Lisa Burridge of Lpt Realty - (307) 259-3631