1860 Prairie Parkway SW

Located in Wyoming, this property has seen strong rental demand and occupancy. Rents are below market and should be increased.Presented by MOXIE Multifamily, this updated 4-unit apartment building is perfectly positioned for your next rental investment. The property features three 2BR units and one 1BR unit, offering a strong unit mix in a great location. The building has undergone many renovations, including a several renovated units, some newer replacement windows, new gutters, fence, retaining wall, upgraded common area and exterior LED lighting and much more — offering investors a well-maintained asset with minimal near-term capital expenditure needs. Additional amenities include coin-operated laundry and individual storage units, adding convenience for tenants and supplemental income potential. Electrical is individually metered, and the owner currently pay heat (boiler), water/sewer, and trash. With rents still below market, there is a value-add opportunity to increase income as leases expire. Implementing a utility bill-back or RUBS program offers further upside by recapturing a portion of utility expenses on all units. Whether you're looking for a house hack, a 1031 exchange vehicle, a cost segregation opportunity, or simply a solid rental investment, this property checks all the boxes. To learn more or arrange a confidential tour, contact us today.