Tanager Landing Apartments

170 Tanager Lane, Shepherdsville, KY 40165
Status: Available
Year Built: 2003
Price: $3,200,000
For more information please contact:
brandon@lihtcadvisors.com
In Cooperation with:

Wilhoit Properties
Vaughn Zimmerman

Price Per Unit: $61,538
Price Per SF: $64.99
# of Units: 52
# of Buildings: 6
# of Stories: 2
Rentable SF: 48,880
Lot Size: 3.59 Acres
Density: 14.48 Units/Acres

Highlights:

  • Excellent AMI Growth in the Louisville, KY-IN Metro Area with a 15.06% Increase Between 2017 & 2019
  • Shepherdsville is Located 20 Miles South of Louisville, the Largest City in Kentucky
  • Buyer has the Opportunity to Place New Debt on the Property
  • 13 of the 52 Units are Unrestricted

Description:

Tanager Landing Apartments is a 52-unit affordable housing community located in Shepherdsville, KY. Resident’s enjoy access to parks, schools, retail, and restaurants, as well as, downtown Louisville, which is located 20 miles north via I-65.

The property was built 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 39 units to be rented to income qualifying residents earning no more than 50% of Area Median Income (AMI) limits, which are provided by the Kentucky Housing Corporation. The remaining units are unrestricted. The property is beyond its initial tax credit compliance period.

Residents benefit from community amenities such as a basketball court, playground, and on-site management. Tanager Landing offers two and three bedroom floor plans that come standard with a full electric appliance package, semi-private entry, and washer/dryer connections.

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