Home > Blogs > Nathan Gesner > Cody Wyoming Real Estate

SOLD! 1802 Rumsey Ave, Cody WY 82414

By Nathan Gesner

Real Estate Broker/Owner with American West Realty and Management 12599

December 22, 2017 01:52 PM

SOLD!

1802 Rumsey Ave

Cody, WY 82414

Formerly the "Twin Pines Motel", this property was converted to 11 apartments back in 1994. Located just one block from downtown Cody, they are ideal for individuals on a budget that want to walk or bike to work, be close to shopping, etc.

The property is comprised of two studio apartments, eight 1bed/1bath apartments, and a 2bed/2bath apartment. Occupancy rate is 100% and very low turnover. Four tenants have lived in this complex for 12 years or more! All units are single-occupant except for one.

The shared laundry room includes two washers and two dryers, all coin-operated. Some units have been renovated fully but others could use updating as they turn over. Rents are below market with room to grow.

If you are an investor looking for a great cash-flowing property, this is one of the best deals in town!

Search all available listings online!

Nathan Gesner, Angie Gesner, REALTOR

Contact Nathan Gesner or Angie Gesner at

(307) 587-9608 for more information.

Search all available listings online!

Nathan Gesner, Angie Gesner, REALTOR

Contact Nathan Gesner or Angie Gesner at

(307) 587-9608 for more information.

Re-Blog

Comments(15)

Comment

Show All Comments

Sort:

Lee Potts

Aloha Group Maui - Lahaina, HI

The smarter we work, the luckier you get.

Congrats Nathan! Great way to start off the Christmas Weekend!

Dec 22, 2017 02:18 PM

Nathan Gesner

Cody, WY

Ron and Alexandra Seigel

Napa Consultants - Carpinteria, CA

Luxury Real Estate Branding, Marketing & Strategy

Nathan,

What a wonderful way to end the year, a big congratulation to you, and of course we wish you many more. A

Dec 22, 2017 03:05 PM

Tanya Van Blake-Coleman

Van Blake-Coleman Realty, St. Thomas/www.talk-to-Tanya.com - St Thomas, VI

Improving the Quality of Your Life

Congrats on your recent sale! Good luck keeping the momentum going.

Dec 22, 2017 04:53 PM

Endre Barath, Jr.

Berkshire Hathaway HomeServices California Properties - Beverly Hills, CA

Realtor - Los Angeles Home Sales 310.486.1002

Nathan, congratulations to another sale how awesome right before Christmas! Endre

Dec 22, 2017 08:56 PM

Tony and Suzanne Marriott, Associate Brokers

Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ

Coldwell Banker Realty

Congrats on the sale - it's easy to see why this well presented listing found a buyer!

Dec 23, 2017 04:25 AM

Richard Weeks

Dallas, TX

REALTOR®, Broker

Congratulations on your recent sale. Nice house and nice job with your presentation.

Dec 23, 2017 07:25 AM

Brian England

Ambrose Realty Management LLC - Gilbert, AZ

MBA, GRI, REALTOR® Real Estate in East Valley AZ

Congrats on the sale! Looks like someone will have some cash flow coming their way!

Dec 23, 2017 07:56 AM

Bob Crane

Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI

Forestland Experts! 715-204-9671

Hi Nathan, Congratulations on another great sale. Looks like a successful end to a good year.

Dec 23, 2017 09:32 PM

Debb Janes

Camas, WA

Gabe Sanders

Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL

Stuart Florida Real Estate

Good morning Nathan. Congrats on the sale of 1802 Rumsey Ave in Cody WY.

Dec 27, 2017 05:12 AM

Joe Pryor

The Virtual Real Estate Team - Oklahoma City, OK

REALTOR® - Oklahoma Investment Properties

That's a good idea for a conversion. I know of an Israeli company that is turning hotels into condos in Europe and very successfully. Investors are buying them for short term rentals.

Dec 27, 2017 07:24 AM

Debb Janes

Nature As Neighbors - Camas, WA

Put My Love of Nature At Work for You

Nicely done, Nathan. Here's to many more sales in 2018. D

Dec 27, 2017 08:49 AM

Silvia Dukes PA, Broker Associate, CRS, CIPS, SRES

Tropic Shores Realty - Ich spreche Deutsch! - Spring Hill, FL

Florida Waterfront and Country Club Living

Nathan, congratulations on this sale just before the holidays and end of year. Those old timey motels make some great rentals.

Dec 27, 2017 05:00 PM

Scott Godzyk

Godzyk Real Estate Services - Manchester, NH

One of the Manchester NH's area Leading Agents

Congratulations on the sale Nathan Gesner

Dec 28, 2017 05:42 AM

Lisa Von Domek

Lisa Von Domek Team - Dallas, TX

....Experience Isn't Expensive.... It's Priceless!

Nathan Gesner I am starting early on my New Year's wishes as I have limited time to play in the Rain this week and I don't want to miss anyone! So....

Dec 29, 2017 12:45 PM

Nathan Gesner

Thank you, Lisa!

Dec 29, 2017 01:51 PM

Sally K. & David L. Hanson

EXP Realty 414-525-0563 - Brookfield, WI

WI Real Estate Agents - Luxury - Divorce

Woo hoo...new year with a profit flowing new investment property doesn't get much better than that ...congratulations to all !

Dec 31, 2017 01:19 AM

SOLD! 1802 Rumsey Ave, Cody WY 82414

Comments(15)

Nathan Gesner

Service Areas

Real Estate Resources

Recent Posts