Prairie Sage Apartments — Sale in Casper, WY

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Casper, WY 82609

Photos

Prairie Sage Apartments — Sale in Casper, WY, photo 1 of 2
Prairie Sage Apartments — Sale in Casper, WY, photo 2 of 2

Investment Figures

Cap rate
7.14%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

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.

Market Context

This multifamily in Casper, WY is listed for sale. It is offered at an approximate 7.1% capitalization rate, a key benchmark for income-producing multifamily assets. Compare it against other multifamily listings for sale in Casper, WY — view the full market.

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