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245 N Glenwood St

4 Unit Apartment Building $6,200,000 ($1,550,000/Unit) 3.85% Cap Rate Jackson, WY 83001

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Investment Highlights

The value proposition: 1) World class resort location, 2) Apex zoning, 3) Luxurious renovations, 4) Historical 10-12% annual value appreciation.

The "gutted to studs" renovation allowed a rebuild with decorator quality designs, including back lit entertainment centers, and high end finishes.

Executive Summary

Mixed Use 4-Plex. Multi-Family (3 Luxury Apartments) + 1 Commercial Unit.

Offering Memorandum

Financial Summary (Actual - 2023) Click Here to Access	Annual	Annual Per SF
Gross Rental Income	$99,999	$9.99
Other Income	$99,999	$9.99
Vacancy Loss	$99,999	$9.99
Effective Gross Income	$99,999	$9.99
Taxes	$99,999	$9.99
Operating Expenses	$99,999	$9.99
Total Expenses	$99,999	$9.99
Net Operating Income	$99,999	$9.99

Financial Summary (Actual - 2023) Click Here to Access

Gross Rental Income
Annual	$99,999
Annual Per SF	$9.99

Other Income
Annual	$99,999
Annual Per SF	$9.99

Vacancy Loss
Annual	$99,999
Annual Per SF	$9.99

Effective Gross Income
Annual	$99,999
Annual Per SF	$9.99

Taxes
Annual	$99,999
Annual Per SF	$9.99

Operating Expenses
Annual	$99,999
Annual Per SF	$9.99

Total Expenses
Annual	$99,999
Annual Per SF	$9.99

Net Operating Income
Annual	$99,999
Annual Per SF	$9.99

Property Facts

Price	$6,200,000	Apartment Style	Low Rise
Price Per Unit	$1,550,000	Building Class	C
Sale Type	Investment	Lot Size	0.16 AC
Cap Rate	3.85%	Building Size	5,572 SF
Sale Conditions	1031 Exchange	Average Occupancy	100%
No. Units	4	No. Stories	3
Property Type	Multifamily	Year Built/Renovated	1992/2023
Property Subtype	Apartment General Retail Storefront Retail/Residential Office Office Residential	Parking Ratio	1.97/1,000 SF

Price	$6,200,000
Price Per Unit	$1,550,000
Sale Type	Investment
Cap Rate	3.85%
Sale Conditions	1031 Exchange
No. Units	4
Property Type	Multifamily
Property Subtype	Apartment General Retail Storefront Retail/Residential Office Office Residential
Apartment Style	Low Rise
Building Class	C
Lot Size	0.16 AC
Building Size	5,572 SF
Average Occupancy	100%
No. Stories	3
Year Built/Renovated	1992/2023
Parking Ratio	1.97/1,000 SF

Amenities

Smoke Detector

Unit Amenities

Air Conditioning
Balcony
Dishwasher
Disposal
Fireplace

Microwave
Heating
Ceiling Fans
Tile Floors
Kitchen

Granite Countertops
Vaulted Ceiling
Refrigerator
Stainless Steel Appliances
Wi-Fi

Deck
Family Room
Island Kitchen
Linen Closet

1 of 1

Walk Score ®

Very Walkable (81)

Bike Score ®

Very Bikeable (78)

What is a Walk Score®, Transit Score® & Bike Score®?

Walk Score® measures the walkability of any address.

Transit Score® measures access to public transit.

Bike Score® measures bikeability of a location.

What is a Walk Score®

, Transit Score® & Bike Score?

Walk Score® measures the walkability

of any address. Transit Score®

measures access to public transit. Bike Score®

measures bikeability of a location.®

Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Number	R0004276	Total Assessment	$273,278 (2024)
Land Assessment	$139,608 (2024)	Annual Taxes	($1) ($0.00/SF)
Improvements Assessment	$133,670 (2024)	Tax Year	2023

PROPERTY TAXES

Parcel Number

R0004276

Land Assessment

$139,608 (2024)

Improvements Assessment

$133,670 (2024)

Total Assessment

$273,278 (2024)

Annual Taxes

($1) ($0.00/SF)

Tax Year

2023

zoning

Zoning Code	CR-2 / HO (Commercial Residential with Housing Overlay. This allows the 3 multi-family units and 1st first commercial unit. HO allows for short term rentals.)
CR-2 / HO (Commercial Residential with Housing Overlay. This allows the 3 multi-family units and 1st first commercial unit. HO allows for short term rentals.)