SHANDON PARK APARTMENTS

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Download Shandon_Park_Rawlins_WY_Marketing_Package.pdf
SHANDON PARK APARTMENTS
  • Section 42 LIHTC Property Built & Placed into Service in 1999
  • Income Limits are Higher than Rental Limits on Respective Units Allowing for a Larger Prospective Tenant Pool
  • Favorable WCDA HOME Financing that is Assumable by New Buyer

 

 

 

3020 Lerwick Drive
Rawlins, WY 82301

  • Status: Available
  • Price: $1,075,000
  • # of Units: 36
  • Rentable SF: 35,259
  • Price per Unit: $29,861
  • Price per SF: $29.45
  • Year Built: 1999
  • # of Buildings: 7
  • Lot Size: 3.22 Acres
  • Density: 11.18 Units/Acre
  • # of Stories: 2
  • Download Marketing Package:
  • Description:

    • Shandon Park Apartments is a 36-unit LIHTC property located in Rawlins, Wyoming.  The property offers a mix of spacious two bedroom and three bedroom floor plans to income qualifying residents.  Conveniently located, Shandon Park is within minutes to local schools, Interstate 80, and the Rawlins Municipal Airport.  

      Shandon Park was built and placed in service in 1999 under the Section 42 Low-Income Housing Tax Credit (LIHTC) program. There is an existing regulatory agreement in place with the Wyoming Community Development Authority, which requires all units to be rented to income qualifying tenants earning no more than 35%, 40%, 45%, and 50% of the Area Median Income. The property is out of the initial 15-year tax credit compliance period. A qualified purchaser can be a non-profit or for-profit entity that agrees to maintain the affordable housing units and to fulfill all requirements of an existing regulatory agreement.

      Residents benefit from an on-site leasing office, playground, and on-site maintenance. Unit amenities include full appliance package, extra storage, washer and dryer hook-ups, and private patio/balcony. 

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