275 River View Dr, Green River, WY
Multi-family for Sale - $1,770,000 - 10,298 Sq. Ft. on 0.56 acres
Agent Info
| Virgil Nethercott |
Property Info
| CIMLS# | 1161430 |
| Location 275 River View Dr Green River WY 82935 | |
| Updated | June 8th, 2024 |
| Type | Multi-family |
| Price | $1,770,000 |
| Building | 10,298 Sq. Ft. |
| Land | 0.56 acres |
Attached Documents
Property Description
Green River multifamily portfolio is a stabilized and income-producing property consisting of 3 buildings and 16 doors in Green River, Wyoming. This portfolio is offered as a package deal or option to purchase individual buildings.
Documents to be provided for due diligence include:
- Current rent roll performance of total incomes and individual properties.
275 River View Dr - 8 Plex - $885,000 - 5 of the 8 units are currently occupied with a history of rental income and a current gross monthly income of $4,780 ($57,360/annual). 3 vacant units are being cleaned and prepared for new tenants as of 6/1/2024. Once new tenants have been moved in, the proforma gross income will be raised to $86,160 ($7,180/mo). Current income performance and proforma incomes are to be provided.
265 River View Dr - 4 Plex - $447,500
255 River View Dr - 4 Plex - $437,500
Nearby economic drivers and projects:
- Natrium Nuclear Facility (https://natriumpower.com/wyoming/) - PacifiCorp and the Governor of Wyoming endorse this nuclear facility, Mark Gordon. The facility is being built by a Bill Gates company known as TerraPower. It recently announced its plans to use Kemmerer, Wyoming, as its location and is scheduled to start building in 2025 with a completion date of 2028. The project is estimated to cost $4 billion and will take 7 years to build. Initial construction worker estimates are 2,000 for the first 3 years and 150-200 stabilized jobs upon plant completion.
- South East Wyoming is notorious for its oil and coal industry, and Sweetwater County is no exception.
- Additional economic factors within the area include the Trona and Soda Ash mines, which have maintained employment and continue to increase employment there.
- The area is also a heavily traveled part of Interstate 80. Located 2 hours drive from Salt Lake City, Utah.
Financials
Current rent roll performance of total incomes and individual properties.
275 River View Dr - 8 Plex - $885,000 - 5 of the 8 units are currently occupied with a history of rental income and a current gross monthly income of $4,780 ($57,360/annual). 3 vacant units are being cleaned and prepared for new tenants as of 6/1/2024. Once new tenants have been moved in, the proforma gross income will be raised to $86,160 ($7,180/mo). Current income performance and proforma incomes are to be provided.
265 River View Dr - 4 Plex - $447,500
255 River View Dr - 4 Plex - $437,500