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Auction Information
Auctioneer Williams & Williams 800-801-8003
Auction Date Nov 17 Auction
1337/1437 Canyon Road
Kemmerer, WY
Time 01:00PM
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Auction Listing
AuctionZip Auctioneer ID# 4423
property photo
1337/1437 Canyon Road Kemmerer, WY
Auction Starts: 9:00 AM 11/12/2017 Auction Ends: 1:00 PM 11/17/2017 Nominal Opening Bid: $200,000. 66 unit apartment complex totaling 42,748+/- sf in two three-story buildings, built in 1977. Unit mix consists of (32) 1/1 units at 544+/- sf and (34) 2/1 units at 757+/- sf. Eyebrow mansard/flat roof. On-site laundry facilities. Building has a central gas boiler for heat. Owner pays gas, water, sewer & garbage through the city of Kemmerer. Tenants pay for electric in occupied units. Each apartment has its own electric meter. The boiler is about 2 years old and there is no A/C. The units are heated with circulated hot water and have zone valves in each unit to regulate the base board radiators. The owner currently pays the onsite caretaker and provides her with free apartment and storage shed but no written agreement exists. Building A has been winterized and no units are being leased at this time. Building A will also need work to make it available to lease any units. Property will need capital improvements to 33 nonperforming units. Market rents estimated at $400-500/unit with Gross Potential Income for all 66 units estimated at +/-$350k annualized. LISTING COURTESY OF: David Fagnant. Quality Builders & Realty, Inc. WY Brokerage license # 22300. Note: A Buyer's Premium (Buyer's Fee in WI) will apply for this property. Please see Terms of Sale for details. Broker Licenses: WY David Fagnant, Quality Builders & Realty Inc. RE LIC 22300 (307) 877-3988
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WY David Fagnant, Quality Builders & Realty Inc. RE LIC 22300 (307) 877-3988

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