DELTA ESTATES

Download Marketing Package & Financial Summary Here

Download Delta_Estates_Edcouch_TX_Marketing_Package_1-10-2017.pdf
DELTA ESTATES
  • Existing Section 42 LIHTC Apartment Community
  • Edouch is Considered Part of the McAllen-Edinburg-Mission MSA (6th Largest MSA in Texas)
  • Low Historical Economic Loss
  • Only 30 Minutes to McAllen & Edinburg, TX

400 Mile 17 1/2 Road North
Edcouch, TX 78538

  • Status: Available
  • Price: UNPRICED
  • # of Units: 64
  • Rentable SF: 57,716
  • Year Built: 1999
  • # of Buildings: 17
  • Lot Size: 5.89 Acres
  • Density: 10.87 Units/Acre
  • # of Stories: 1 & 2
  • Download Marketing Package:
  • Description:

    • Delta Estates is a 64-unit affordable housing community located in Edcouch, TX. The property was built in 1999 under the Section 42 Low-Income Housing Tax Credit (LIHTC) program. Delta Estates is located near public schools, parks, and area retail.

      There is an existing regulatory agreement in place which requires units to be rented to income qualifying residents earning no more than 50% and 60% of Area Medium Income (AMI) limits, which are provided by the Texas Department of Housing & Community Affairs. The property is still in the initial 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.

      Delta Estates offers one, two, and three bedroom floorplans featuring a fully equipped kitchen, open floor plans, community pool, playground, controlled access, and on-site leasing office.

       

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