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2076 S. Sheridan Ave. - Sheridan, WY 82801
PROPERTY Stats
51
UNITS
2003
Year Built
32,842
sF
PROPERTY OVERVIEW
Creekside Court Apartments is a 51-unit LIHTC property located in Sheridan, Wyoming for Seniors ages 55 and up. The property offers a mix of spacious one and two bedroom floor plans to income qualifying residents. The property is conveniently located close to shopping, healthcare, restaurants, entertainment, and area amenities.
The property was built and placed into service in 2003 under the Section 42 Low-Income Housing Tax Credit (LIHTC) program. There are existing regulatory agreements in place with the Wyoming Community Development Authority, which require all units to be rented to income qualifying residents earning no more than 30% and 50% of Area Median Income (AMI) limits.
Residents benefit from an on-site laundry facility, well-maintained grounds, fitness center, and open floor plan with full appliance package.
Straight forward rental upside by increasing existing tenants to the current asking rents, which have been proven out on recent new move-ins
Senior LIHTC property that has performed very well historically, as evidenced by an occupancy rate of 97% over the trailing-12 months
There is an existing HOME Loan on the property with very attractive terms including a 0% interest rate and 40 year amortization schedule
Sheridan County is a high-income area with the 2023 HUD Median Family Income at $107,600, up from $81,100 in 2021
INVESTMENT HIGHLIGHTS
Jordan Skyles
Director of Operations
Affordable Housing
208.631.4981
jordan.skyles@berkadia.com
RYLEY LEWIS
Senior Financial Analyst
Affordable Housing
206.512.5567
ryley.lewis@berkadia.com
CHRIS CRUMP
Managing Director
504.322.1196
chris.crump@berkadia.com
BRANDON GRISHAM
Senior Managing Director
Affordable Housing
253.653.3313
brandon.grisham@berkadia.com
Contacts and Office Locations
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Berkadia®, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is an industry leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties. Berkadia® is amongst the largest, highest rated and most respected primary, master and special servicers in the industry. This advertisement is not intended to solicit commercial mortgage loan brokerage business in Nevada.
© 2023 Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Berkadia® and Berkadia Commercial Mortgage® are trademarks of Berkadia Commercial Mortgage LLC. Investment sales and real estate brokerage businesses are conducted exclusively by Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Commercial mortgage loan origination and servicing businesses are conducted exclusively by Berkadia Commercial Mortgage LLC and Berkadia Commercial Mortgage Inc. Tax credit syndication business is conducted exclusively by the Tax Credit Syndication group. For state licensing details for the above entities, visit: https://www.berkadia.com/licensing/.
6225 N. Meeker Pl.
Suite 210
Boise, ID 83713
BOISE OFFICE
IRVINE OFFICE
2020 Main Street
Suite 200
Irvine, CA 92614
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512 S Union Ave
5217 Marathon St
451 Lucas Ave
445 Lucas Ave (1 Bedroom)
2620 Orchard Ave
Photo GALLERY
Managing Director
Multifamily
503.261.3668
fred.dockweiler@berkadia.com
FRED DOCKWEILER
MORTGAGE BANKER
Local Broker
Real Estate Energy Solutions, LLC
WY RE License #12324
TOM BRADLEY
Senior Managing Director
Affordable Housing
253.653.3313
brandon.grisham@berkadia.com
Brandon Grisham
Director
Affordable Housing
208.631.4981
jordan.skyles@berkadia.com
Jordan Skyles
INVESTMENT ADVISORS
6225 N. Meeker Pl.
Suite 210
Boise, ID 83713
BOISE OFFICE
Contacts and Office Locations
BACK TO TOP
Berkadia®, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is an industry leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties. Berkadia® is amongst the largest, highest rated and most respected primary, master and special servicers in the industry. This advertisement is not intended to solicit commercial mortgage loan brokerage business in Nevada.
© 2023 Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Berkadia® and Berkadia Commercial Mortgage® are trademarks of Berkadia Commercial Mortgage LLC. Investment sales and real estate brokerage businesses are conducted exclusively by Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Commercial mortgage loan origination and servicing businesses are conducted exclusively by Berkadia Commercial Mortgage LLC and Berkadia Commercial Mortgage Inc. Tax credit syndication business is conducted exclusively by the Tax Credit Syndication group. For state licensing details for the above entities, visit: https://www.berkadia.com/licensing/.
Berkadia®, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is an industry leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties. Berkadia® is amongst the largest, highest rated and most respected primary, master and special servicers in the industry. This advertisement is not intended to solicit commercial mortgage loan brokerage business in Nevada.
© 2023 Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Berkadia® and Berkadia Commercial Mortgage® are trademarks of Berkadia Commercial Mortgage LLC. Investment sales and real estate brokerage businesses are conducted exclusively by Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Commercial mortgage loan origination and servicing businesses are conducted exclusively by Berkadia Commercial Mortgage LLC and Berkadia Commercial Mortgage Inc. Tax credit syndication business is conducted exclusively by the Tax Credit Syndication group. For state licensing details for the above entities, visit: https://www.berkadia.com/licensing/.
BACK TO TOP
Managing Director
Multifamily
503.261.3668
fred.dockweiler@berkadia.com
FRED DOCKWEILER
MORTGAGE BANKER
Director
Affordable Housing
208.631.4981
jordan.skyles@berkadia.com
Jordan Skyles
Senior Managing Director
Affordable Housing
253.653.3313
brandon.grisham@berkadia.com
Brandon Grisham
Local Broker
Real Estate Energy Solutions, LLC
WY RE License #12324
TOM BRADLEY
INVESTMENT ADVISORS
6225 N. Meeker Pl.
Suite 210
Boise, ID 83713
BOISE OFFICE
Contacts and Office Locations