Why This Investment Opportunity?
- Stong cash flow
- Appreciation
- Walk-in equity
- Critical need for workforce housing
- Employee retention is key
- Full community/government support
- Proven lender ready with the right financing program for you
- Full service property management
- Prospective tenants on waiting list
About Rock Springs
Rock Springs is located in southwest Wyoming at the strategic crossroads of Interstate 80 and U.S. Highway 191. The city now has nearly 19,000 residents and is truly booming.
Established in 1888 as a mining town, the natural resources around the area are the driving force behind the Rock Springs economy. For years, the area provided millions of tons of coal to feed the nation's locomotives. Today, the Rock Springs area continues to have a leadership role in the nation's energy production. Over half of the workforce is employed by the industry,
principally mining, petroleum, power generation and related services.
The Booming Economy
According to the Sweetwater Economic Development Association in August 2007, " Sweetwater County is enjoying increased economic activity due to the accelerated growth in energy development ... increased development of natural gas fields ... growth in coal mining, electrical generation and trona mining and refining. This has lead to a strong economy with a significant need for workforce and the housing required to accommodate them."
"Natrual gas expansion and development continues to grow. This activity will require local service companies such as Halliburton and Schlumberger to expand their workfoce by several hundred each."
The Casper Star Tribune states "A booming energy industry has helped Wyoming's average income double over the past decade."
Prospective Tenants Include:
Oil and Gas Field Workers |
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- Halliburton
- Schulmberger
- Questar
- Williams Energy Services
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Trona Mining and Processing |
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- FMC Wyoming Corporation
- General Chemical Company
- OCI Chemical Corporation
- Solvay Minerals
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Coal Workers |
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- PacificCorp
- Jim Bridger Coal Plant - One of the top producing electric plants in the U.S.
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Featured Investment, "Bungalows" at Northpark Estates
A towering entry is set off by twin gabled roofing and a long picture window that lights up the foyer in this two story home. The foyer leads to a deceptively simple floor plan that has a great view in the back to large windows in the great room and the dining room. The great room is further enhanced by a fireplace and sits near the kitchen island for convenience. Three bedrooms on the second floor including a master suite with walk-in closets and full, private bath. The family bedrooms share a full compartmented hall bath. Note that the laundry room and large linen closet are located on the second floor near the bedrooms.
| Home Overview |
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- Main Level 655
- 2nd Level 809
- Total 1,464 Sq Ft.
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- 3 Bedrooms
- 2 Baths
- 1 Half-Baths
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On-Site Amenities
- Two on-site parks (one for each phase to be joined at completion)
- Parks will be built by the developer and maintained by the city of Rock Springs
- Picnic tables, gazebo and barbeque pits in the parks
- 12 home sites alley access
- Snow removal and common area maintenace covered by HOA fees ($10/month)
- Landmark entrance with custom landscaping and irrigation
- Vinyl fencing on the east and north sides of the subdivision
Area Attractions
Operating 365 days a year, the Sweetwater Events Complex is an ideal place to enjoy the beauty of Wyoming's landscape, while taking in some of the region's most exciting events. The Crown Jewel of the Rocky Mountains, the Sweetwater Speedway sits a heady 6,250 feet above sea level. The Sweetwater Events Complex is home to the finest motor sports facility in the entire Rocky Mountain region where you can enjoy Moto-cross, Stock Car, and BMX racing.
More Amenities
- Less than 5 miles from Rock Springs Family Recreation Center – offering indoor swimming pool, ice arena, basketball and racquet ball courts, free weights and cardio machines.
- 10 minutes from Memorial Hospital of Sweetwater County – a 99 bed, rural acute care facility, offering state of the art medical services including 64 slice CT scanner.
- 5 minutes from White Mountain Golf Course - the course is owned by the city of Rock Springs and which is also building a 9-hole expansion expected to begin construction in March 2008.
Program Highlights
- 3 months guaranteed bonus rent from property manangement!
- Bonus - you keep all rent collected during bonus rent period
- Rent Ready - full size washer/dryer and window blinds
Builder to contribute 2% of Purchase Price towards Buyer's Closing Costs or Rate Buy Down
Closing costs include origination fee, processing/underwriting fees, rate buy down, construction interest, title policies and insurance during the construction period. 1% credit for construction loan and 1% credit for permanent financing if Preferred Lender is not used.
Annual appreciation up to 7% - conservatively computed as land values are expected to increase significantly as Northpark is the only uniform master planned community in the market. Current appreciation is running higher than 7% (Source: Sweetwater County Economic Development)
For more information, please complete the information request form.
Please note that all prices, building costs, interest rates, appreciation
rates and terms are subject to change without notice. NREI Club is not responsible
for losses, damages, or changes in the market conditions. Investors are
urged to perform their own due diligence investigations before entering
into any real estate transaction, or other contractual relationship, and
prior to making a purchase decision.
