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1450 Johnston St

Wheatland, WY 82201
  • $450,000
  • STATUS: Active
  • ON SITE: 63 Days
  • MLS #: 98410
UPDATED: 23 min ago
$450,000
  • 0
    BEDS
  • 0.16
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,888
    SQFT
  • $156
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1955
County:
Area:

School Ratings & Info

Description

Seller financing offered at 5% interest rate! This attractive 4-plex offers a fantastic investment opportunity with a strong rental history and significant upside potential. Situated in a prime Wheatland location across from the hospital, this well-maintained property is perfect for investors seeking stable cash flow with room for growth. The property boasts a 6.7% cap rate with below-market rents, providing excellent value and room to increase revenue. It is well-cared for with beautiful landscaping, new concrete and a mostly fenced yard for tenant enjoyment. An on-site coin-operated washer and dryer generate additional income. Each tenant enjoys one dedicated garage stall and a separate storage area for added convenience. The property is equipped with 1 gas meter, 5 electric meters, and 5 water heaters for efficient utility management. The property is positioned for growth with a rare earth minerals mine set to ramp up in 2026, driving local economic activity and rental demand. Dont miss this rare chance to own a turnkey, income-producing property in a thriving area with strong fundamentals and future growth potential.

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[Cheyenne Board of Realtors] logo© 2025 Cheyenne MLS. All rights reserved. Search Results are produced though the Cheyenne MLS IDX Database. Real estate listings held by brokerage firms other than this firm are marked with the IDX logo and includes the name of the listing brokers. The information relating to real estate for sale on this web site comes from the Cheyenne MLS IDX database and is deemed reliable but not guaranteed. Copyright 2025 Cheyenne MLS. 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. Information is deemed reliable but is not guaranteed accurate by the MLS or NextHome Rustic Realty. Data last updated: 2025-11-09T20:52:13.287.
www.karihappoldrealestate.com/homes/167673719
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1450 Johnston St Wheatland, WY 82201

  • Price: $450,000
  • Status: Active
  • On Site: 63 Days
  • Updated: 23 min ago
  • MLS #: 98410
0
Beds
0
Baths
0
½ Baths
0.16
Acres
2,888
SQFT
$156
$/SQFT
1955
Built
Neighborhood:
Wheatland
County:
Platte
Area:
Platte
Property Description
Seller financing offered at 5% interest rate! This attractive 4-plex offers a fantastic investment opportunity with a strong rental history and significant upside potential. Situated in a prime Wheatland location across from the hospital, this well-maintained property is perfect for investors seeking stable cash flow with room for growth. The property boasts a 6.7% cap rate with below-market rents, providing excellent value and room to increase revenue. It is well-cared for with beautiful landscaping, new concrete and a mostly fenced yard for tenant enjoyment. An on-site coin-operated washer and dryer generate additional income. Each tenant enjoys one dedicated garage stall and a separate storage area for added convenience. The property is equipped with 1 gas meter, 5 electric meters, and 5 water heaters for efficient utility management. The property is positioned for growth with a rare earth minerals mine set to ramp up in 2026, driving local economic activity and rental demand. Dont miss this rare chance to own a turnkey, income-producing property in a thriving area with strong fundamentals and future growth potential.
Exterior Features

Construction Frame Exterior Features Lawn SprinklersFenceLandscapedStorage Garage Carport Garage(s) Lot Size 7000 Roof Metal Style 2 STORY

Interior Features

Appliances Range/OvenRefrigerator Heating System Other Laundry Coin OpsWasher/Dryer Included Sq Ft First Level 1444 Sq Ft Second Level 1444 Unit1 Baths 1 Unit1 Beds 2 Unit1 Sq Ft 700 Unit2 Baths 1 Unit2 Beds 2 Unit2 Sq Ft 700 Unit3 Baths 1 Unit3 Beds 2 Unit3 Sq Ft 700 Unit4 Baths 1 Unit4 Beds 2 Unit4 Sq Ft 700

Property Features

Annual Expenses $10986.00 Annual Income $41076.00 Deed Transfer By General Warranty Financing Info Contract for deed 25% down 5% interest Management Owner Multifamily Type 4-Plex Net Operating Income $30090.00 Owner Pays GasOther Proposed Financing CashConventionalOwner May Carry Sewer City Sewer Tax Year 2025 Taxes $1387.07 Tenant Pays ElectricityGarbage RemovalOtherSewerWater Unit1 Comments Rent includes utilities (unit 4 only) Unit1 Rent 900 Unit2 Rent 900 Unit3 Rent 900 Unit4 Rent 1000 Vacancy Percentage 7 Water Public (City) Water

[Cheyenne Board of Realtors] logo Listing courtesy of Coldwell Banker, The Property Exchange: 307-632-6481. © 2025 Cheyenne MLS. Information Deemed Reliable but Not Guaranteed by the Cheyenne MLS. Real estate listings held by brokerage firms other than this firm are marked with the IDX logo and includes the name of the listing brokers.


[Cheyenne Board of Realtors] logo© 2025 Cheyenne MLS. All rights reserved. Search Results are produced though the Cheyenne MLS IDX Database. Real estate listings held by brokerage firms other than this firm are marked with the IDX logo and includes the name of the listing brokers. The information relating to real estate for sale on this web site comes from the Cheyenne MLS IDX database and is deemed reliable but not guaranteed. Copyright 2025 Cheyenne MLS. 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. Information is deemed reliable but is not guaranteed accurate by the MLS or NextHome Rustic Realty. Data last updated: 2025-11-09T20:52:13.287.
 
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NextHome Rustic Realty
3306 Kelley Dr. A
Cheyenne WY, 82001