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
- 58 days |
- 198 |
- 9 |
Zillow last checked:
Listing updated:
Listed by:
Lisa Burridge 307-259-3631,
LPT Realty,
Erin Burridge-Groenewald,
LPT Realty
Source: WYOMLS,MLS#: 20262147
Loading...
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
$997/mo
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 | -- | $45,581 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 82604
Nearby schools
GreatSchools rating
- 5/10Southridge Elementary SchoolGrades: K-5Distance: 0.4 mi
- 2/10Dean Morgan Junior High SchoolGrades: 6-8Distance: 0.9 mi
- 3/10Natrona County High SchoolGrades: 9-12Distance: 1.2 mi
A local agent can set up tours, give advice and negotiate with sellers.
- Wyoming
- Natrona County
- Casper
- 82604
- 2401 Grandview Pl


