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 company business in Nevada.
© 2024 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 Berkadia Affordable Tax Credit Solutions. For state licensing details for the above entities, visit www.berkadia.com/licensing.
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PROPERTY STATS
$2,213/$2.12
Market Rent
35,304
RENTABLE AREA
2023
YOC
46
UNITS
Investment highlights
Multifamily LIHTC Property in a beautifully restored historical building situated in the heart of downtown Casper, containing 46 residential units and 4 commercial units
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Well performing asset with an occupancy rate of 95.3% over the trailing-12 months and tremendous rental upside as THE gross rental limits are projected to increase by 5.23% in 2025
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Potential to assume the very attractive existing HOME loan with a balance over $650,000 and a 0% interest rate
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Casper is the Second Most Populous City in Wyoming, with an Estimated Population of Over 60,000 (2024)
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96%
OCCUPIED
Conveniently Located Near Area Amenities, Including Shopping, Dining, Schools, Parks, and Major Transportation Arteries
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2007
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204 E. 2nd St. - Casper, WY 82601
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PROPERTY OVERVIEW
Wyoming National Apartments is a 46-unit affordable housing community located in Casper, WY. The property is conveniently located minutes from major retailers, including Albertsons, Sam’s Club, and Walmart Supercenter. Numerous restaurants, outdoor recreation, and major transportation arteries are nearby. Schools, including the University of Wyoming Casper, are also conviently located from the property.
The property was built in 1917 and renovated and placed in service in 2007 under the Section 42 Low-Income Housing Tax Credit (LIHTC) program. There are existing regulatory agreements in place which require all units to be rented to income qualifying residents earning no more than the income limits which are provided by the Wyoming Community Development Authority.
Additionally, the project received HOME Funds with an original balance of $782,593 with a 0% interest rate paid over 336 monthly payments, beginning on November 1, 2020. The estimated loan balance as of December 31, 2024 is $663,807 and is potentially assumable by a buyer. As part of receiving these funds, there is a requirement of 11 HOME Units for a 40 year affordability period as laid out in the HOME agreements.
Wyoming National Apartments offers one and two bedroom apartment homes featuring fully equipped kitchens and central air conditioning. Community amenities include a community room, on-site laundry facility, elevator, storage units, on-site manager, and parking. Additionally, the property has four commercial spaces that are currently leased.
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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.
© 2025 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 Berkadia Affordable Tax Credit Solutions. For state licensing details for the above entities, visit: https://www.berkadia.com/licensing/.
601 Union St. Suite 3909 Seattle, WA 98101
SEATTLE OFFICE
Associate Director Affordable Housing
253.355.1521 sam.kasteler@berkadia.com
UT License #14126557-SA00
Sam Kasteler- LEAD CONTACT
Director Multifamily 303.689.8320 nate.moyer@berkadia.com
CO License #FA.100077890
nate moyer
Senior Managing Director Affordable Housing
253.653.3313 brandon.grisham@berkadia.com
WA License #26367
BRANDON GRISHAM
1819 Main St. Suite 1000 Sarasota, FL 34236
ERES OFFICE
303.880.0108 tom.bradley@erescompanies.com
WY License #12324
Tom Bradley
The Opportunity
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Senior LIHTC Property built in 2011 containing 90 units located in the 8-story building along with 10 three-bedroom townhome units
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Well located asset just under 7 miles from downtown Miami, as well as the Miami International Airport
6955 Union Park Ctr. Suite 450 Midvale, UT 84047
MIDVALE OFFICE