Oak Pointe Apartments – Sold January 15, 2015

Oak Pointe Apartments – Sold January 15, 2015

Price: $ Confidential

Total Number of Units: 184

Address: 1747 Capital Circle Northeast, Tallahassee, FL, United States

  • Well-maintained Section 42 LIHTC community
  • 1993 quality construction: Conversion-to-market rate after 2023
  • Out of initial tax credit compliance period
  • Prime repositioning opportunity: Current rents on average $157 below maximum allowable LIHTC rents
  • Within 10 minutes of Florida State University – Tallahassee’s second largest employer
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