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148 Mountain Oaks Ln. - Sylva, NC 28779
PROPERTY Stats
24
UNITS
2006
Year Built
14,232
sF
PROPERTY OVERVIEW
The Haven at Mountain Oaks is a 24-unit affordable housing community for seniors 62 and up located in Sylva, NC. Shopping, dining, healthcare facilities, entertainment, and outdoor recreation are all minutes away.
The property was built and placed in service in 2006 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 50% and 60% of Area Median Income (AMI) limits, which are provided by the the North Carolina Federal Tax Reform Allocation Committee and the North Carolina Housing Finance Agency.
Residents benefit from community amenities such as a business center, clubhouse, courtyard, on-site laundry facilities, on-site management, and on-site maintenance services. Unit amenities include energy efficient appliances, large closets, a patio/balcony, and washer/dryer connections.
AHP RESTRICTIONS EXPIRE AT THE END OF NOVEMBER 2023, CONVERTING FIVE 50% AMI UNITS TO 60% AMI UNITS
SYLVA IS LOCATED AN HOUR SOUTH OF THE GREAT SMOKY MOUNTAINS NATIONAL PARK AND THE CATLOOCHEE SKI AREA
EXCELLENT AMI GROWTH IN THE COUNTY WITH AN INCREASE OF 37.76% SINCE 2018
CONVENIENTLY LOCATED NEAR GROCERS, MAJOR RETAILERS, THE HARRIS REGIONAL HOSPITAL, AND SOUTHWESTERN COMMUNITY COLLEGE
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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/.
6225 N. Meeker Pl.
Suite 210
Boise, ID 83713
BOISE OFFICE
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Jeff IRish
Senior Managing Director
Affordable Housing
208.286.5013
jeff.irish@berkadia.com
INVESTMENT ADVISORS
Adam Tomberg
Director
Affordable Housing
425.999.1152
adam.tomberg@berkadia.com
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774 South Shelmore Boulevard
Suite 105
Mount Pleasant, SC 29464
Mount Pleasant OFFICE
Managing Director
Multifamily
843.628.3765
mark.boyce@berkadia.com
MArk Boyce
Managing Director
Multifamily
843.628.3765
mark.boyce@berkadia.com
MArk Boyce
Director
Affordable Housing
425.999.1152
adam.tomberg@berkadia.com
Adam Tomberg
Senior Managing Director
Affordable Housing
208.286.5013
jeff.irish@berkadia.com
Jeff IRish
INVESTMENT ADVISORS
774 South Shelmore Boulevard
Suite 105
Mount Pleasant, SC 29464
Mount Pleasant OFFICE
6225 N. Meeker Pl.
Suite 210
Boise, ID 83713
BOISE OFFICE
774 South Shelmore Boulevard
Suite 105
Mount Pleasant, SC 29464
Mount Pleasant OFFICE