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Multifamily Tax Credit

Prairie Sage Apartments

2035 S Beverly St, Casper, WY 82609

Listing Price: $5,300,000

Cap Rate
7.14%
Number of Units
64
GRM
6.87
Price/Unit
$82,813
Price/Gross SF
$66.60
Gross SF
79,576

Investment Overview

Prairie Sage Apartments is a 64-unit community that was built in 2009 and consists of 33 two-bedroom/two-bathroom units measuring 1,008 sqft and 31 three-bedroom/two-bathroom units measuring 1,137 sqft. The property boasts interior unit features such as in-unit washer/dryer, large open floorplans, patios or balconies, central AC, ceilings fans, full appliance packages, and ample closet space. Additionally, the complex has ample amenities for its residents which include a fitness center, dog run, playground, grill and picnic areas, bike storage and carport parking.

Investment Highlights

  • Strong Area Median Income (AMI) of $99,500.
  • Casper has a five-year average AMI growth rate of 5.06%.
  • Asset priced well below replacement cost.

Broker of Record

  • Adam Lewis

    Senior Managing Director, Market Leader- Colorado/Idaho

    (303) 328-2000

    License(s) WY: RE-16571

    Wyoming

Multifamily Tax Credit

Prairie Sage Apartments

Listing Price: $5,300,000

Cap Rate
7.14%
Number of Units
64
GRM
6.87
Price/Unit
$82,813
Price/Gross SF
$66.60
Gross SF
79,576

Investment Highlights

  • Strong Area Median Income (AMI) of $99,500.
  • Casper has a five-year average AMI growth rate of 5.06%.
  • Asset priced well below replacement cost.

Investment Overview

Prairie Sage Apartments is a 64-unit community that was built in 2009 and consists of 33 two-bedroom/two-bathroom units measuring 1,008 sqft and 31 three-bedroom/two-bathroom units measuring 1,137 sqft. The property boasts interior unit features such as in-unit washer/dryer, large open floorplans, patios or balconies, central AC, ceilings fans, full appliance packages, and ample closet space. Additionally, the complex has ample amenities for its residents which include a fitness center, dog run, playground, grill and picnic areas, bike storage and carport parking.

Broker of Record

  • Adam Lewis

    Senior Managing Director, Market Leader- Colorado/Idaho

    (303) 328-2000

    License(s): WY: RE-16571

    Wyoming

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