404 10th St, Wheatland, WY 82201

This well-maintained 5-unit income property is fully leased and is currently operating at a 9.32% Cap with upside potential and a pro-forma cap around 10.4%. It features four 1-bedroom, 1-bath units and one 2-bedroom, 1-bath unit with washer/dryer hookups, all with new flooring.

Unit Current rents:

1 Unit 1: (2 bed, 1 bath) $1,500/mo including utilities, month-to-moth

2 Unit 2: $800/mo including utilities, month-to-moth

3 Unit 3: $700/mo plus utilities, 6 month lease, started March 1, 2026

3.5 Unit 3.5: $800/mo including utilities, month-to-month

4 Unit 4: $800/mo including utilities, month-to-month

There is a large garage with 5 separate units that is currently being used by the owner for storage. This offers additional income opportunity for the new owner to lease these units and raise the rent. Estimating an additional $500/month income from renting out the 5 garage stalls, the pro-forma cap rate is approximately 10.41%.

Seller *may* carry at a minimum of 25% down (non-negotiable) and 5% interest rate with a 5 year balloon (max).

A rare earth mineral mine west of Wheatland, set to ramp up in 2026, adds further growth potential. The detached 5-car garage assigns one spot per tenant, though previously used by the owner. Gas is owner-paid; electric, water, and sewer are separately metered, reducing costs. Perfect for investors seeking cash flow and value-add potential in a high-demand market.

Current rents:

Unit 1: (2 bed, 1 bath) $1,500/mo including utilities, month-to-moth

Unit 2: Vacant

Unit 3: $700/mo plus utilities, 6 month lease, started March 1, 2026

Unit 3.5: $800/mo including utilities, month-to-moth

Unit 4: $800/mo including utilities, month-to-moth