NOT LISTED FOR SALE

1217 E 22nd St Cheyenne, WY 82001

Historic Cheyenne Neighborhood

Estimated Value: $329,125 - $425,000

4 Beds
2 Baths
1,625 Sq Ft
$228/Sq Ft Est. Value

Last Sold August 01, 2016

Current estimated payment $2,112/month

55 Days on Market

Highlights

  • Brick or Stone Mason
  • Forced Air Heating System
  • Carpet
  • 1-Story Property
  • Washer and Dryer

About This Home

As of August 2016

Awesome investment opportunity in this duplex property! Each unit is 2BR, 1BA and both are in very good condition. Corner lot in great central location. Building is all brick, newer roof, has gas forced air heat and a shared laundry facility for the tenants. Owners pay utilities. This property offers a solid cash on cash return (with 25% down, 30 year note) right around 11%.

Last Agent to Sell the Property

Scott Foster

#1 Properties License #5043 Listed on: 04/22/2016

#1 Properties

Last Buyer's Agent

Neil Emmons

Coldwell Banker, The Property Exchange License #439

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,107

Year Built

  • Built in 1951

Lot Details

  • 5,668 Sq Ft Lot

Parking

  • Off-Street Parking

Home Design

  • Duplex
  • Brick or Stone Mason
  • Composition Roof

Interior Spaces

  • 1,625 Sq Ft Home
  • 1-Story Property
  • Carpet
  • Oven or Range
  • Washer and Dryer

Utilities

  • Forced Air Heating System
  • Cable TV Available

Listing and Financial Details

  • The owner pays for electricity, gas, garbage removal, sewer, water

Community Details

Overview

  • 2 Units
  • City Of Cheyenne Subdivision

Building Details

  • Gross Income $21,300
  • Net Operating Income $14,900

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,107

Year Built

Built in 1951

Lot Details

0

Listing Details

  • Style: 1 STORY
  • Class: Multi-Family
  • Heating System: Gas Forced Air
  • Lot Size: 5668
  • Type: Duplex
  • Annual Income: 21300
  • Total Sq Ft: 1625
  • Taxes: 1107
  • Tax Year: 2015
  • Year Built: 1951
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Interior Amenities: Cable Access, Carpeted
  • Laundry: Washer/Dryer Included
  • First Level Sq Ft: 1625
  • Appliances: Refrigerator, Range/Oven

Exterior Features

  • Construction: Brick
  • Roof: Composition/Asphalt
  • Water: Public (City) Water

Garage/Parking

  • Garage Carport: Off Street

Utilities

  • Sewer: City Sewer

Lot Info

  • Geo Subdivision: WY

Rental Info

  • Owner Pays: Electricity, Gas, Garbage Removal, Sewer, Water

Multi Family

  • No. of Units: 2
  • Annual Expenses: 6400
  • Net Operating Income: 14900

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 22, 2016
Closed on
Jul 29, 2016
Sold by
Anderson William Ward and Anderson Christine
Bought by
Cousins Cottages Llc
Seller's Agent
Scott Foster
#1 Properties
Buyer's Agent
Neil Emmons
Coldwell Banker, The Property Exchange
List Price
$190,000
Current Estimated Value
$370,781

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.67%

Purchase Details

Closed on
Apr 14, 2015
Sold by
Anderson William W
Bought by
Anderson William Ward and Anderson Christine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$29,000
Interest Rate
3.84%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Nov 8, 2004
Sold by
Giliotti Connie
Bought by
Anderson William W

Purchase Details

Closed on
Apr 10, 1998
Sold by
Hegenauer Doug and Hegenauer Lisa
Bought by
Martin T V

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Interest Rate
7.17%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Cousins Cottages Llc -- First American Title
Anderson William Ward -- None Available
Anderson William W -- --
Martin T V -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Anderson William Ward $29,000
Previous Owner Martin T V $60,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/01/2016 08/01/16 Sold -- -- --
06/16/2016 06/16/16 Pending -- -- --
04/22/2016 04/22/16 For Sale $190,000 -- $117 / Sq Ft
Source: Cheyenne Board of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $2,104 $21,129 $2,616 $18,513
2024 $2,104 $29,759 $3,488 $26,271
2023 $1,956 $27,660 $3,488 $24,172
2022 $1,730 $23,974 $3,488 $20,486
2021 $1,443 $19,948 $3,488 $16,460
2020 $1,019 $14,126 $3,488 $10,638
2019 $994 $13,772 $3,488 $10,284
2018 $982 $13,731 $3,028 $10,703
2017 $877 $12,153 $3,028 $9,125
2016 $827 $11,451 $2,925 $8,526
2015 $1,107 $15,319 $2,925 $12,394
2014 $1,064 $14,643 $2,925 $11,718
Source: Public Records

Agents Affiliated with this Home

  • Scott Foster

    Seller's Agent in 2016

    Scott Foster

    #1 Properties

    (307) 631-4289

    12 in this area

    254 Total Sales

    Scott Foster
    Section Image

  • N

    Buyer's Agent in 2016

    Neil Emmons

    Coldwell Banker, The Property Exchange

See All Agents

Map

Source: Cheyenne Board of REALTORS®

MLS Number: 64143

Cheyenne Board of REALTORS®

APN: 1-1001-0244-0001-1

Wyoming Laramie County Cheyenne 82001 Historic Cheyenne

1217 E 22nd St, Cheyenne, WY

Not Listed for Sale

MultiFamily

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