Download Marketing Package & Financial Summary HereDownload Wentworth_Evanston_WY_Marketing_Package.pdf
- Section 42 LIHTC Property Built & Placed into Service in 2000
- 15 Minutes to Evanston Airport and 5 Minutes to Interstate 80
- Favorable WCDA HOME Financing that can be Assumed by New Buyer
- Within an Hour and a Half from Salt Lake City
96 East Hayden Avenue
Evanston, WY 82930
Wentworth Apartments is a 24-unit apartment community located in Evanston, Wyoming. The property offers a mix of one, two, and three bedroom floor plans to income qualifying residents. Less than two hours away from Salt Lake City, UT, Wentworth represents an appealing opportunity to acquire a well maintained asset with potential for operational upside.
Wentworth was built and placed in service in 2000 under the Section 42 Low-Income Housing Tax Credit program (LIHTC) and is out of its initial tax credit compliance period. There is an existing regulatory agreement in place which requires all units to be rented to income qualifying residents earning no more than income limits which are provided by Wyoming Community Development Authority (WCDA). The 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 the regulatory agreement and any extended use periods.
Residents benefit from a multitude of amenities including on-site leasing office, community room, playground, and garages. Unit amenities include full appliance package, walk-in closet, extra storage, and private patio/balcony. The owner pays water, sewer, and trash expenses.