Shady Creek Apartment Homes

1220 Knowlton Road Baytown, TX 77520
Status: Available
Year Built: 2000
Price: UNRPRICED OFFERING
For more information please contact:
brandon@lihtcadvisors.com
In Cooperation with:

Mike Elliott Energy Real Estate Solutions, LLC

504-836-5222

Mike.Elliott@Energyreco.com

# of Units: 88
# of Buildings: 10
# of Stories: 1 & 2
Rentable SF: 65,078
Lot Size: 5.60 Acres

Highlights:

  • Area Median Income Limit’s in Harris County have Increased by Over 10% Since 2016
  • Baytown Resident’s Enjoy Suburban Living with an Abundance of Amenities While having Convenient Access to Houston Via I-10
  • Strong Fair Market Rent Growth with 1BD Units Going from $797 in 2017 to $907 in 2019 and 2BD Units Going from $976 to $1,104
  • Property is Subject to a 180 day Right of First Refusal (ROFR) to a Qualified Entity
  • Located Approximately 26 Miles from Downtown Houston- the Most Populous City in Texas and the 4th Most Populous in the U.S.
  • Senior LIHTC Community Near Grocers, Retail, Restaurants, and Health Care Facilities

Description:

Shady Creek Apartments is an 88-unit affordable housing community for seniors 55 and older located in Baytown, TX. Residents enjoy access to major shopping areas, dining, and highways.

The property was built and placed in service in 2000 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% and 60% of Area Medium Income (AMI) limits, which are provided by the Texas Department of Housing and Community Affairs. The property is beyond its initial tax credit compliance period.

Residents benefit from community amenities such as a community pool, clubhouse, on-site laundry facility, fitness center, business center, covered parking, controlled access, on-site management, and 24-hour maintenance. Shady Creek offers one and two bedroom floorplans with open living and dining spaces, a fully equipped electric kitchen, washer/dryer connections, ceiling fans, a built in bookcase, extra storage, and a private patio/balcony.

Gallery

Map & Directions

Join Our Mailing List

6225 N. Meeker Place, Suite 210 Boise, Idaho 83713
PRIVACY POLICY
|
TERMS OF USE
Copyright © 2013-2018  LIHTC Advisors
phonemobilefax