The Gardens at Creekside

16110 West 133rd Street, Olathe, KS 66062
Status: Closed
Year Built: 2008
Price: CONTACT AGENT
For more information please contact:
john@lihtcadvisors.com
# of Units: 144
# of Buildings: 1
# of Stories: 4
Rentable SF: 102,525
Lot Size: 9.02 Acres
Density: 15.96 Units/Acre

Highlights:

  • AMI Growth in Johnson County Increased 13.59% Since 2016
  • Located Minutes from Shopping, Restaurants, I-35, and 30 Minutes from Kansas City
  • The Property will become Qualified Contract Eligible Starting in 2023
  • Independent Senior Living Property with a Number of Amenities Including Dining, a Library, Fitness Room, Expansive Patio, Private Transportation, and Exercise Classes

Description:

The Gardens at Creekside is a 144-unit mixed income, independent living community for seniors located in Olathe, KS, 30 minutes from Kansas City. The property is minutes from restaurants, major transportation arteries such as I-35, I-435, & Highway 69, and shopping venues such as Hobby Lobby, Kohl’s, Walmart, and Lowe’s.
The Gardens at Creekside was built in and placed in service in 2008 under the Section 42 Low-Income Housing Tax Credit (LIHTC) program. There is an existing regulatory agreement in place which requires 87 units to be rented to income qualifying residents earning no more than 60% of Area Medium Income (AMI) limits, which are provided by the Kansas Housing Resources Corporation. The remaining units are unrestricted. The property is in year 11 of its 15 year tax credit compliance period. Please see the Property Summary page and Unit Mix page for further details.
The property offers one and two bedroom apartment homes featuring open floor plans with a full kitchen with breakfast bar, ceiling fans, in unit washer and dryer, laundry and trash service, hardwood style flooring, and additional storage. Community amenities include a library, fitness center & exercise classes, outdoor grilling station, community store, beautiful courtyard backing to woods, and crafted meal plans offered.
Additional amenities:
• Meals- 1,500 per month are catered in at $7 per meal, for enjoyment in formal dining room or in privacy of one’s suite.
• Housekeeping- 40 residents per month at $30 per unit.
• Interim Home Health- a third-party care provider with a dedicated RN on site, visits residents in the hospital to ensure the case managers know the services Interim can offer upon discharge.

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