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32396731
32396729

2401 Grandview Place, Casper, WY 82601

LB
WY WY 1308
LB Group Real Estate
Listed by LB Group Real Estate
$8,645,000
28 days on market
Updated 28 days ago

2401 Grandview Place

Details
Property Type Multifamily
Square Footage 71,676
Units 67
Cap Rate 8.30%
NOI $712,000
Tenancy Multi
Year Built 1972
Buildings 3
Stories 2
Acreage 2.000
Zoning PLND UNIT DEV
Parking Spaces 75 spaces
Parking Per SqFt 1.05
Investment Type Stabilized

Multifamily | 8.30% CAP | 67 Units

Marketing 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.

Investment 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

Listing Contacts

LB
WY WY 1308
LB Group Real Estate
Listed by LB Group Real Estate

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$712,000.00
$59,333.33/mo

Valuation Metrics

0
DSCR
8.24%
Cap Rate
8.24%
ROI

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Additional Information

Name
Lisa Burridge
License
WY 1308
Brokerage
LB Group at LPT Realty, LLC
Brokerage Phone
307-235-5472
Title
Associate Broker
Brokerage Address
259 South Center Street
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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