$1,895,000
Jackson, WY 83001
MLS# 16-558
Status: Closed
8000 sqft
1 / 16
Property Description
Conveniently located in the town of Jackson, this 1.47-acre parcel currently houses 15 existing units and generates gross rents of more than $120,000/year. With 22 bedrooms in total, this property in its current configuration provides a turn-key affordable housing solution for a local employer. The property is also close to public transportation and is serviced by town of Jackson utilities. The property is also a candidate for redevelopment. Removing the existing structures and adding 15 new units boasts the potential to increase gross rents to more than $250,000/year.
Details
Property Info
Realtor.com Type: Multi-Family
House Style: Mobile Home
# Units: 15
Acres: 1.47
Garage Type: None
# Stalls: 0
# Off St. Spaces: 10+
Horses Allowed: No
Main House SqFt: 8000
Year Built: 1977
Location, Tax & Legal
Common Name: 984 Budge Drive
Zoning: Multi-Family
Ann. HOA Fee $: 0
Taxes: 593.81
Tax Year: 2015
Legal Description: Lot 1 of the Crystal Valley Addition to the town of Jackson according to that plat recorded in the Office of the Teton County Clerk as Plat No. 1051
Possession: At Closing
Number: 984
Street: BUDGE
Street Suffix: Drive
County: Teton
State: WY
Zip Code: 83001
Area: 08 - Town of Jackson
Subdivision: Town of Jackson
Ownership: Multi Family
Compensation and Showing Info
Agent Owned: N
Status Change Information
Seller Concessions: Yes
Under Cont. Date: 2017-01-17
Sold Date: 2017-06-20
Occupant
Renter - Long Term: 1
Water
Public: 1
Sewer
Public: 1
Basement
None: 1
Construction
Other: 1
Exterior
Other: 1
Fuel Type
Electric: 1
Natural Gas: 1
Listing Information
Current Price: $1,895,000
Listing Price: 1895000
Status: Closed
Effective Date: 2016-03-21
Property Features
Occupant: Renter - Long Term
Water: Public
Sewer: Public
Basement: None
Construction: Other
Exterior: Other
Fuel Type: Electric; Natural Gas
Supplements
Provided the final development plan of the subdivision adheres to the town of Jackson's Land Development Regulations, each of the new smaller lots would be eligible for a main house and two accessory residential units, or guest houses, (one attached and one detached). The property also potentially qualifies for a Planned Unit Development that would allow up to 19,000 sq.ft. of total habitable finished space spread across multiple units. With the ongoing pressure to find affordable housing options across Teton County, this property is one of the few remaining parcels in the town of Jackson with future development potential to create a multi-unit solution close to public transportation and other amenities.
Listing Office: Obsidian Real Estate
Listing Agent: Brett McPeak
Last Updated: September - 04 - 2024
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