All Forum Posts by: Nathan Roma

Sheridan Hills is a new project by Carlton Construction located in Sheridan, WY. Hills seeks to begin to solve the problem of attainable housing in town by adding 300+ units consisting of townhomes, single family, and paired patio homes. Phase 1 will include 89 units with 49 of them being townhomes. On top of supplying families with a home, we also seek to help the the rental inventory. Rentals in town are low, so a portion of the townhomes will be allotted as rental properties to those interested in adding to their portfolio. Ground break is set to begin in the coming weeks and vertical construction beginning next spring. Pricing starting just under $250,000 to low $300's. Reach out to me if you would like to hear more!

Sheridan Hills is a recently approved subdivision in Sheridan, WY that will bring attainable housing to the community. 300+ units consisting of townhomes, single family, and paired patio homes. Townhomes will range from mid to high $200's, single family mid to high $300', and paired patios low to mid $300's. Providing major/large employers with employee housing and options for people moving to town as starter homes or rentals.

Sheridan, WY Insights:

Median home price of Sheridan is now ~$650,000 in a town of 20,000 people (30,000 for Sheridan County)

Per capita individual/personal income: 2021 - $64,449

Unemployment Rate: June 2023 - 2.7%

Average Listing Price: July 2023 - $783,961

Home ownership rate (5-year estimate) - 74.7%

We are about to break ground on a 300+ unit development in Sheridan, WY consisting of townhomes, single family, and paired patio homes. A portion of each phase will have investor owned units, which will be the townhomes. Median price of a home in Sheridan is now ~$650,000 in a town of 20,000. Townhomes will be in the mid to high $200's. Demand for housing is massive in town and could provide a good opportunity for cash buyers as well as a buy and hold property. We manage everything to make this as hands free for the investor as possible. Would love to discuss with interested buyers. First homes in phase 1 will expect to be tenant/move-in ready by summertime 2024.

I recently joined a developer and general contract team in Sheridan, WY as head of investor relations. We are doing a new subdivision that will be 300+ units consisting of townhomes, single family, and paired patio homes. In each phase of construction a portion of the units will be allotted as investor owned units. It is my job to go out and find investors for those units. I know almost everyone in town that could be a qualified lead, but Sheridan is a smaller town so there are only so many people for me to talk to. Any advice on where to find more potential investors so I can continue to build a potential client list? Obviously BP is a great place, but still unsure on how to really do so.

Our team is building a new obtainable community in Sheridan, WY consisting of townhomes, paired patio, and single-family homes. Wyoming is among the top states for tax laws especially within real estate and will continue to be. Within Wyoming lies Sheridan. Sheridan is a small oasis nestled at the foothills of the Bighorn Mountains that is in need of home and rental inventory. The demand is extremely high from buyers but their is no supply so we are at a stagnation of growth. With a development like this, the supply will be satisfied and allow for first time homebuyers and people wanting to move to this town for work. Many businesses are having a hard time finding work as no one can find a place to live in Sheridan. The town is primed for growth but an initiative needs to be taken by developers to provide housing people can fit into their budget. Our team is looking to tackle this problem with our 8-year multi-phase development. Feel free to message me with questions or inquiries! 

Sheridan Hills

Carlton Construction

 Hey Jason! I am based out of Sheridan, WY. Sheridan is a small oasis in the state and quickly becoming the hot destination spot for new comers and a nice short term place to live. Second only to Jackson Hole as the most expensive place to live in Wyoming, but relative to the US market, still very affordable. The interesting thing about Sheridan is that it is primed to grow, but there is no home or rental inventory available for new comers. Businesses are doing everything they can to recruit people but new employees have no place to live so it does not work. Reach out to me as there is a good opportunity for you to get in this market currently from townhomes, paired patio, to single family homes!