Photo Gallery
Property Overview
Doc Center
Privacy
Terms of Use
14316 Dake Ln. - Tampa, FL 33613
PROPERTY Stats
148
UNITS
1981/2009
Year Built/Reno
143,060
sF
PROPERTY OVERVIEW
Country Oaks Apartments is a 148-unit affordable housing community offering one, two, and three bedroom apartments. The property is conveniently located in Tampa, FL near major retailers including Walmart Supercenter, ALDI, and Target. Numerous restaurants, outdoor recreation, schools, including the University of South Florida, and major transportation arteries are nearby as well.
The property was built in 1983 and was renovated and placed in service in 2009 under the Section 42 Low-Income Housing Tax Credit (LIHTC) program. There are existing regulatory agreements in place which require all units to be rented to income qualifying residents earning no more than 33% and 60% of the Area Median Income (AMI) limits, which are provided by the Florida Housing Finance Corporation.
Additionally, the property is a recipient of HUD Section 8 project based rental income assistance pursuant to a Housing Assistance Payment (HAP) contract. The current contract provides assistance for 146 units and runs through March 27, 2033.
Multifamily LIHTC Property with a HUD Project-Based Section 8 Contract covering 146 of the units
Incredible growth has been seen in the Tampa, FL MSA HUD Fair Market Rents with an average increase of 77.3% across one, two, and three bedroom units since 2018
Located in Tampa, FL within just a few miles of the University of South Florida, which has an enrollment of nearly 50,000 students
The property operates with very low historical turnover as reflected by a vacancy rate of just over 1% over the trailing-12 months
The property will be eligible for a full property tax exemption under Florida Statute 196.1978(2) following the 15th Year of the LIHTC Regulatory Agreement
INVESTMENT HIGHLIGHTS
Contacts and Office Locations
BACK TO TOP
Berkadia®, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is an industry leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties. Berkadia® is amongst the largest, highest rated and most respected primary, master and special servicers in the industry. This advertisement is not intended to solicit commercial mortgage loan brokerage business in Nevada.
© 2023 Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Berkadia® and Berkadia Commercial Mortgage® are trademarks of Berkadia Commercial Mortgage LLC. Investment sales and real estate brokerage businesses are conducted exclusively by Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Commercial mortgage loan origination and servicing businesses are conducted exclusively by Berkadia Commercial Mortgage LLC and Berkadia Commercial Mortgage Inc. Tax credit syndication business is conducted exclusively by the Tax Credit Syndication group. For state licensing details for the above entities, visit: https://www.berkadia.com/licensing/.
601 Union St.
Suite 3909
Seattle, WA 98101
SEATTLE OFFICE
Photo GALLERY
Contact
Property Overview
Investment Highlights
Photo Gallery
Doc Center
Contact
Terms of Use
Privacy
Investment Highlights
TIM LEONHARD
Senior Managing Director
504.458.1626
tim.leonhard@berkadia.com
MORTGAGE BANKERS
CHRIS CRUMP
Managing Director
504.722.1999
chris.crump@berkadia.com
4890 West Kennedy Blvd.
Suite 940
Tampa, FL 33609
tampa OFFICE
Senior Managing Director
Multifamily
727.674.4097
jason.stanton@berkadia.com
JASON STANTON
INVESTMENT ADVISORS
Director
Affordable Housing
425.761.1640
mike.terry@berkadia.com
MIKE TERRY
Senior Managing Director
Affordable Housing
253.653.3313
brandon.grisham@berkadia.com
BRANDON GRISHAM