WILLOW SPRINGS APARTMENTS
WILLOW SPRINGS APARTMENTS
  • Well Maintained LIHTC Property
  • Existing Loan Must Be Assumed; Supplemental Financing Available
  • Strong Rental History
  • Great Mix of Units (Rare 4BD Units Available)
  • Close to Major Employers
  • Convenient Access to TV Highway
  • Easy Access to Bus Line and MAX
  • Rents Below Market and Maximum Allowable Rents

3240 SW Doyle Place
Aloha, OR 97006

  • Status: Closed
  • Price: CONTACT AGENT
  • # of Units: 120
  • Rentable SF: 111,978
  • Price per Unit: NA
  • Price per SF: NA
  • Year Built: 1996
  • # of Buildings: 12
  • Lot Size: 6.94 Acres
  • Density: 24 Units / Acre
  • # of Stories: 2 & 3
  • Parking: 214 Spaces
  • Parking Ratio: 1.78 Spaces / Unit
  • Description:

    • Built in 1996, Willow Springs offers spacious one, two, three, and four bedroom apartment homes. Residents enjoy a number of amenities, including a sparkling pool, clubhouse, an on-site leasing office, covered parking and garages. The two, three, and four-bed units are all equipped with washer / dryer hookups, and there are on-site laundry facilities. Dishwashers are included in each unit, extra storage is available, and each unit also has a balcony or a patio. The units are in good condition and the grounds are well kept, making this an ideal turn-key operation, with minimal deferred maintenance throughout the property.

      Willow Springs was built and placed into service under the Section 42 Low-Income Housing Tax Credit program and has an existing extended use agreement in place until January 1, 2046. The units are set aside for residents who make no more than 50% or 60% of the local Area Median Income (AMI). In addition, there are 6 units that are subject to restrictions set forth by the HOME program. Please see the Tax Credit Property Income & Rent Limits section in the Financial Analysis Section for further details on max net rents. The qualified purchaser can be a non-profit or for-profit entity who agrees to maintain the affordable housing units and fulfill all requirements of the existing regulatory / extended use agreement.

       

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