8 Unit Rental Investment Property In Wyoming
Other Real Estate
8 Unit Rental Investment Property In Wyoming

8 Unit Rental Investment Property In Wyoming
Start Price USD 259,900.00
Current Price USD 259,900.00
Time Left -
Bid Count 6
Buy It Now Price -
Reserve Price -
Start Time Monday, July 07, 2008
End Time Sunday, October 05, 2008
Location Greybull, Wyoming

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Description
Great Investment Property In Greybull Wyoming   8 Mobile Home Rentals on 6 city lots (1/2 city block) plus 4 RV hook ups all located 1 1/2 blocks from the new elementary school and directly across the street from the City Park and Senior Center. This makes these units desired by families as well as seniors. These units have a great rental history. The Greybull/Basin area of Wyoming is experiencing a housing shortage, rentals are 100%  rented and NO ADVERTISING is needed at this time to keep them rented - rental inquires daily. Property consists of 6 city lots, 3 water taps, 8 mobile home/rentals, 10 storage sheds (1 for each unit and 2 for owner storage.) & 4 RV hooks - all occupied There are: $3675/$3875  per month potential income  - $44,100/$46,500 per year income potential 2 - 3 bedroom/1 bath units 1 - 3 bedroom/ 1 1/2 bath unit - 3 bedroom units rent for $400 without pets and $425 with pets 5 - 2 bedroom/ 1 bath units - rent for $375 without pets and $400 with pets 4-  RV spaces -  rent for $150 per month  Expenses: Taxes 2007 - $755.00 per year Insurance 2007 - $858.00 per year Water/Sewer/Garbage 2007 -  $3935.00 per year Greybull is located just minutes from Big Horn Mountains and less than 2 hours from Yellowstone National Park. Greybull is experiencing exceptional growth -  new businesses from engery (oil & gas, ethanol), aviation, retail stores and growth of exsiting businesses are all contributing to the high demand for rental housing causing a housing shortage.  Don't be afraid to ask questions - will gladly answer any additional questions you have! More pictures available upon request. Buyer could sell mobiles and build apartment buildings on lots to increase the number of units. Would need to check with Town Zoning & Planning Board for full details as to how to accomplish this. Contact Glenda @ 307-765-4524 - between 9am and 8pm MST for additonal information or to schedule a viewing of the property, please leave msg. if no answer. http://www.greybull.com http://www.city-data.com/county/Big_Horn_County-WY.html  

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11/21/2008 1:15:11 PM