Investment Property Advisors
Crescent Club Apartments is a 215-unit affordable housing community for seniors located in Orlando, FL. Residents enjoy access to major shopping areas, dining, and interstates, as well as peaceful surroundings near various small lakes and an array of amenities. The property is also conveniently close to the Orlando Health Regional Hospital. The famous Universal Studios and Walt Disney World also offers residents a variety of entertainment opportunities.
The property was built in 2002 and placed in service in 2003 under the Section 42 Low-Income Housing Tax Credit (LIHTC) program. There is an existing regulatory agreement in place which requires all units to be rented to income qualifying residents earning no more than 28%, 30%, and 60% of Area Median Income (AMI) limits, which are provided by the Florida Housing Finance Corporation. The property is beyond its initial tax credit compliance period.
Residents benefit from community amenities such as a clubhouse, relaxing courtyard with fountains, fitness center, on-site laundry facility, swimming pool, gameroom, a hair salon, free health screenings, on-site resident activities, shuffleboard, picnic pavilion, elevators, library, business center, car wash area, gated access, and security system. Crescent Club offers one and two bedroom units that include a full kitchen appliance package, large closets, ceiling fans, and balconies in select units.