High-Yield 67-Unit Condo Portfolio | Strong In-Place Income | 8.3% Cap Rate Rare opportunity to acquire a 67-unit residential condo portfolio offering immediate scale, stable cash flow, and an attractive 8.3% cap rate at current operations. This asset delivers consistent in-place income supported by a diversified tenant base, making it well-suited for investors seeking reliable yield in today’s market. The property benefits from solid occupancy and established rental performance, with minimal reliance on pro forma assumptions. Investors can step into a stabilized asset with predictable revenue from day one. The condo structure provides additional strategic flexibility, including the potential for future unit-by-unit disposition (subject to market conditions and HOA guidelines), offering a compelling long-term value enhancement opportunity. This offering is ideal for yield-focused buyers, 1031 exchange investors, or groups seeking a scaled residential investment with both current income and optional upside. Highlights: 67 residential units within a condo project Strong in-place NOI of $712,172 (based on Seller provided info) Attractive 8.3% cap rate at asking price (based on recent appraisal) Stable occupancy and consistent rental income Potential long-term exit via condo sell-off strategy Turnkey investment with immediate cash flow
Active
$8,645,000
2401 Grandview Pl, Casper, WY 82604
3beds
2baths
71,676sqft
Multi Family
Built in 1972
-- sqft lot
$-- Zestimate®
$121/sqft
$-- HOA
What's special
- 132 days
- 274
- 5
Zillow last checked:
Listing updated:
Listed by:
Lisa Burridge 307-259-3631,
LPT Realty,
Erin Burridge-Groenewald 307-235-5472,
LPT Realty
Source: WYOMLS,MLS#: 20262147
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
Heating
- Baseboard, Electric
Cooling
- Window Unit(s)
Appliances
- Included: Range/Oven
- Laundry: Coin Operated
Interior area
- Total structure area: 71,676
- Total interior livable area: 71,676 sqft
Property
Parking
- Total spaces: 75
- Parking features: None, Off Street
Features
- Levels: Two
- Stories: 2
- Fencing: None
Lot
- Size: 2 Acres
Details
- Parcel number: 33791740502200
- Zoning description: Plnd Unit Dev
- Other equipment: Landscaped
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Frame, Frame-Lap
- Foundation: Concrete Perimeter
Condition
- New construction: No
- Year built: 1972
Utilities & green energy
- Electric: Rocky Mountain Power
- Sewer: Public Sewer
- Water: City
Community & HOA
Community
- Subdivision: Grandview
Location
- Region: Casper
Financial & listing details
- Price per square foot: $121/sqft
- Tax assessed value: $786,905
- Annual tax amount: $18,911
- Date on market: 5/7/2026
- Total actual rent: 1787
- Tenant pays: Electricity
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
Price history is unavailable.
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2015 | -- | -- |
| 2014 | -- | $74,756 |
| 2013 | -- | -- |
| 2012 | -- | -- |
| 2011 | -- | -- |
| 2010 | -- | -- |
| 2008 | -- | -- |
| 2006 | -- | $50,160 +10% |
| 2005 | -- | $45,581 |
Find assessor info on the county website
Monthly payment
Est. payment
