$1,300,000
8811 US HWY 14
Ranchester, WY 82839
MLS# 18-428
Status: Closed
2240 sqft


Mountain View
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Mountain View 6 storage buildings Storage Buildings Privacy and view Location of storage units 6 bedroom Walk out basement 4,440 sq ft house Adjoins Town & State Lands Front Entry Out buildings Quonset Building Shop Side Roll Irrigation Irrigated land Side Roll View Basement fireplace Side roll in meadows Family room Kitchen Living Room meadows

Property Description
See Rent Income under documents. 150 total storage units; Owner received $69,500 in 2017 with a 23% vacancy rate. Very little expenses. Mini Storage units; 70@10'x20'@$70 month,(inside units). 70@10x10@$35 month (outside units). 10@5'x10'@$20 month (end units 1st Building.). Large 6 bedroom home with 3 baths, walkout basement. Home has 4,440 sq. ft. with 3,640 sq. ft. finished. Home has new windows, roof & septic modification. House needs updates. 3,432 sq. ft. Quonset Shop. Double garage. ------- 43.29 irrigated acres. Seller will retain all mineral rights. Adjoins Town of Ranchester with water and sewer available if new owner wanted to annex into town. MDU $130/month average. Additional information is listed under Supplement and Documents. Please review prior to showing.

Details
Maps
Documents
Listing Information
Agent Owned: N
Current Price: $1,300,000
Status: Closed
List Price: $1,300,000
Begin Date: 2018-05-04
Sign on Property: 1
Property Information
Realtor.COM Type: Commercial
Acres: 43.29
Lot Size: 1885712
Above Grade Sq Ft: 2240
Main SqFt: 2240
Below Grade Sq Ft: 2200
Total Finished Sq Ft: 3640
Elem Sch: School District #1
JH/Mdl Sch: School District #1
High Sch: School District #1
Property Sub Type: Other
Year Built: 1973
Location, Tax & Legal
Section: 13
Range: 86
Zoning: AG
Number: 8811
Street: US HWY 14
State: WY
Zip: 82839
Township: 57
Subdivision: NONE
Mls Area: County
Total Taxes: 4131
Tax Yr: 2017
Remarks & Directions
Directions: Drive through Ranchester. Turn north between Tongue River Middle School and Tongue River Elementary School. Property adjoins city limits at end of road.
Exterior
Stucco: 1
Water Type
Private Well: 1
Sewer Type
Septic: 1
Fuel Type
Propane: 1
Rights
Mineral Rights: No
Mineral Rights Info: Seller retains
Heat Type
Baseboard: 1
Roof Type
Composite Asphalt: 1
Property Features
Electricity: 1
Fence: 1
Mountain View: 1
Telephone: 1
Utility Shed: 1
Commercial Info
Building for Sale: Yes
Garage Spaces: 150
Space for Lease: Yes
Gross Rent$: 69500
Vacancy/Loss$: 23
Total Building Sq Ft: 21600
Acceptable Financing
Cash: 1
Conventional: 1
Equipment
Equipment Included: Negotiable
Disclosures
Flood Insurance: Not Required
Lead Base Paint: Yes
Property Condtion: Yes
ClosingFinancing
Sold Date: 2018-07-02
Property Features
Water Type: Private Well
Sewer Type: Septic
Fuel Type: Propane
Heat Type: Baseboard
Roof Type: Composite Asphalt
Exterior: Stucco
Property Features: Electricity; Fence; Mountain View; Telephone; Utility Shed
Acceptable Financing: Cash; Conventional
Supplements
Loss Seller Profit and Loss. 2017 Gross Income $69,500 / potential if 100% occupied ($90,000) = 23% vacancy rate. 2016 Gross Income: $65,400 2015 Gross Income: $57,000 2014 Gross Income: $54,000 Seller does not have expenses broken down on storage units alone. Seller said expenses are very low. Last 3 years she paid an individual, a few times a year to use her tractor for snow removal and haul a little shale. She collects all rents herself. She does no advertizing, just word of mouth. No utilities. Buyer will have to estimate their own expense figures based on their management plan. Buyer will have the opportunity under Inspections Section of the Contract to Buy and Sell Real Estate Contract, if they desire, to have their accountant obtain any financial information from Seller's accountant. Conditional Use Permit Approval with Sheridan County allowing the existing mini storage buildings, 4 existing at time of application with additional 4 more buildings approved in 2008 is posted under documents. Seller built 2 additional buildings in 2008 and the CUP allows for an additional 2 more mini storage buildings to be built in future years. Copy of Conditional Use Permit Approval listed under documents. Water Rights for irrigation, listed under documents. Wyoming Water Commissioner's records has all the meadows with irrigation water rights out of Tongue River, under Handover/Mikado Ditch Company. Water assessment of approximately $250 for ditch company maintenance. ½ share listed on property condition statement represents, I believe, ½ cu. ft water, sufficient to irrigate all the meadows. Side roll irrigation system is operated with propane. The pond on the property is permitted through the State Water Commissioner as a livestock watering only, smaller than presently constructed on property. It is always advised that buyers contact Handover/Mikado Ditch Company and State Water Commissioners Office to learn about water rights. Copy of State Water Rights listed under documents. Septic system listed under documents. Personal property includes range and refrigerator. 12,000 gallon propane tank included in sale. Propane as of May 12, 2018 read at 54%, Approximately 6,400 gallons. All propane in tank as of date of closing will be included in sale and go to buyer without charge. Not included in listing is all irrigation/ranch equipment, metal and all material as of date of closing. Will negotiable between buyer and seller.

IDX
Listing Office: Minick Realty, Inc.

Office Email: cminickrealty@gmail.com

Last Updated: August - 27 - 2024

Information is deemed to be reliable, but is not guaranteed. All measurement are approximate.