404 10th St

About this property

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. 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. 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.

Highlights

• Sewer: City Sewer
• Utilities: Public (City) Water
• Stories: 1
• Roof: Other
• Other
• Garagedesc: Garage(s)

Facts & figures

Square feet

3,704

Lot size

0.4 acres

Year built

1944

Property type

Multi-Family

Status

Active

MLS #

98413