Hallmark White Oak

102 Haigler Boulevard Bluffton SC, 29910
Status: Available
Year Built: 2007
Price: UNRPRICED OFFERING
For more information please contact:
jeff@lihtcadvisors.com
In Cooperation with:

Jeff Dilbone
Investment Property Advisors
513-460-1745 (cell)
513-489-1500 (office)
Jeffdilbone@investmentpa.com

# of Units: 72
# of Buildings: 7
# of Stories: 2
Rentable SF: 76,496
Lot Size: 7.60 Acres

Highlights:

  • Multi-Family LIHTC Property Offering a Variety of Apartment and Community Amenities
  • Located Near the Resort Town of Hilton Head Island, Bluffton Provides Tourists and Locals with an Abundance of Retail and Restaurant Opportunities
  • Nearly a 15% Increase in the Beaufort County Area Median Income Limit’s in 2019, Creating a Large Rental Upside
  • High Rental Upside at the Property with Current Rents Being Significantly Below the Maximum Allowable Rents and the Comparable Market Rate Rents

Description:

Hallmark White Oak Apartments is a 72-unit affordable housing community located in the historic Town of Bluffton, SC, near shopping centers, restaurants, government buildings, and brand new schools. Residents also enjoy being within minutes to Hilton Head Island, a resort town that host a variety of entertainment opportunities, including the Heritage Golf Classic, a PGA Tour tournament.

The property was built and placed in service in 2007 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 50% & 60% of Area Medium Income (AMI) limits, which are provided by the South Carolina State Housing Finance and Development Authority. The property is still within its initial tax credit compliance period.

The property offers two and three bedroom floorplans. Each apartment home offers a designer kitchen with walk-in pantry, washer/dryer connections, walk-in closets, open bar kitchen, ceiling fans, and sunrooms. Hallmark White Oak offers a beautiful swimming pool, clubhouse, playground, BBQ and picnic area, outdoor gazebo, 24 hour emergency maintenance, on-site management, on-site laundry facility, and a professional and friendly staff.

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