Laramie, WY 82070

 

1806 SOUTH 11TH STREET, 1834 South 11th Street, 1822 South 10th Street, 1816 South 10th Street, 1804 South 10th Street, 920 Symons Street

28

Units

2007

Year Built

998

avg sf

XXXX

No. of Beds

XXXX

No. of Units

XXXX

Year Built

XXXX

Proximity to Campus

The Opportunity

Fall Creek Apartments is a student housing property featuring seven (7), four-unit buildings in Laramie Wyoming consisting of 28 total three- bedroom units rented as an entire unit. All of the units are 998 square feet, and the property has a net development density of 17 units/acre.

Fall Creek boasts high demand in-unit amenities including plank flooring, high speed internet access, washer/dryer, ceiling fans, and more. The community amenities include surface parking and professional management.

Proven value add strategy with 20 units renovated, new appliances, flooring and back splash. Finishing the additional 8 units will yield $200 month in increased rent.

Fall Creek Apartments is situated a short drive from the University of Wyoming and Wyo Tech making this property a convenient choice for students at both institutions. Nearby, there are also many dining, entertainment and shopping options including Corona Village, Sushi Boat & Korean BBQ, Weitzels Wings, S K Chuck Wagon, Mr. Bills Burgers, Bart’s Flea Market, All Terrain Sports, Ace Hardware, LaPrele Park, Undine Park, and more.

Investment Highlights

PROXIMITY TO UNIVERSITY OF WYOMING AND WYO-TECH

  • A majority of Fall Creek’s existing tenants are students at the University of Wyoming and the property’s proximity to the University and Technicals College drive rental demand.

LARAMIE IS HOME TO WYOMING’S LARGEST EMPLOYERS

  • Laramie is home to some of the state’s largest employers including the University of Wyoming, Trihydro, Aerotek, and Centura Health.

HOA PROGRAM

  • Fall Creek’s HOA covers insurance for subdivision, snow removal, mowing for common areas, $100 building per year.

PROVEN VALUE ADD STRATEGY

  • Opportunity to continue current renovation strategy

The Location

University of Wyoming

Originally founded in 1886, the University of Wyoming has blossomed from its roots as a territorial school into the definitive four-year academic experience in the picturesque state of Wyoming. The university welcomed 9,876 students to its Laramie campus in fall 2020 and employs 6,500 residents in Albany County, maintaining close ties with surrounding community colleges. ​ Students at University of Wyoming hail from over 50 countries and across the United States. One of they key draws of the school is the surrounding Laramie community. The outdoor recreation hub is home to over 30 miles of ski trails, 100 miles of mountain bike trails, and 300 miles of snowmobiling trails.

  • 2,021 acres
  • 192 buildings
  • 7.3 million+ square feet of building space
  • 9,876 students enrolled in fall 2020 (11,829 students systemwide)
  • Approx. 2,100 on-campus housing capacity
  • $589.1 million endowment value as of FY 2020 (systemwide)

Photo Gallery

Contact Us

DENVER OFFICE

1331 17TH STREET
10TH FLOOR
DENVER, CO 80202
P : (303) 689-8312

denver.berkadiarea.com

BERKADIA TEAM

Investment Advisors

Tyler King

Director
303.607.0847
tyler.king@berkadia.com

Nick Steele

Senior Director
303.689.8306
nick.steele@berkadia.com

John Laratta

Senior Director
303.607.0025
john.laratta@berkadia.com

Nate Moyer

Associate Director
303.689.8320
nate.moyer@berkadia.com

Jake Keyes

Financial Analyst
303.689.8312
jake.keyes@berkadia.com

mortgage bankers

Christopher Ellis

Senior Managing Director
303.689.8317
christopher.ellis@berkadia.com

Kevin Batt

Senior Director
303.689.8307
kevin.batt@berkadia.com

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